December 26, 2019 โ On December 20, 2019, the President signed into law the Taxpayer Certainty and Disaster Tax Relief Act of 2019, generally extending a number of โTax Extendersโ (bills that are routinely set to expire in one to three year...
St. Paul, Minnesota (October 1, 2019) โ Certified public accounting firm Redpath and Company, Ltd. (Redpath) has promoted Ryan Everhart and Jared Weiskopf to partner and Teresa Radermacher to director.
September 24, 2019 โ Generally, an employee receiving employer equity grants, such as restricted stock units (RSUs) or shares of their employerโs stock from exercising employer stock options, must include in taxable income the value of the...
May 22, 2019 โ Taxpayers who are in the real estate or construction industry may benefit from making an election to not be subject to the business interest expense deduction limitation that came about through tax reform.
May 7, 2019 โ The IRS recently released a set of proposed updated guidance around opportunity zones. You can view a qualified opportunity zones map by clicking here, or read our previous article on the subject by clicking here. Additionally, if...
December 18, 2018 โ The tax-exempt sector has received the much-anticipated interim guidance from the Internal Revenue Service regarding the application of qualified transportation fringe (QTF) benefits. Under this interim guidance, many...
November 19, 2018 โ Residency is important because residents of Minnesota are taxed on worldwide incomeโno matter if it's earned overseas or in another state. If you're considered a Minnesota resident, everything reported on your federal return...
July 31, 2018 โ Have you itemized in previous tax years? Should you itemize deductions for 2018? You may not, because it might not make the most sense anymore! The Tax Cuts and Jobs Act (TCJA) has eliminated exemptions, increased the standard...
June 13, 2018 โ Do you want to be able to deduct business expenses? Take the right steps to ensure your business will not be deemed a hobby by a taxing authority come audit time. Pending further guidance from the IRS, an effect of tax reform was...
May 24, 2018 โ Late last year, Congress passed and President Trump signed into law the most comprehensive tax reform package since the 1986 Act. Within that bill was a major change to how much each taxpayer can deduct for the state and local...
