Tax News Updates & Info Resources

  • HEROES Act Would Expand The EITC For Childless Workers And Help Fight Recession
  • Balancing School Budgets And Tax Hikes In The Middle Of A Pandemic
  • COVID-19 And Government Actions Caused State Tax Revenues To Plunge In April
  • Are We Headed For A New Era of Income Tax Deduction Creep?
  • Should Wealth Taxes Pay For Coronavirus Relief And Recovery?
  • No State is Immune From COVID-19’s Economic And Fiscal Fallout
  • Expanding The Child Tax Credit: Full Refundability And Larger Credit
  • TPC Estimates The HEROES Act Would Substantially Cut Individual Income Taxes  
  • The CARES Act Charitable Deduction For Non-Itemizers Was A Lost Opportunity To Help Beneficiaries Of Non-Profits
  • TPC Analyzes Five Ways To Replace The SALT Deduction Cap

  • 2018 NEW TAX LAW UPDATE: Tax Cuts & Jobs Act (“TCJA”)

    The Tax Adviser Article for Individuals
    Qualified Business Deduction explained

    Tax Cuts Jobs Act Update_Dec_13_2018

    TCJA_2018_MFJ_Example

    TCJA_2018_Single_Example

    Tax Related Links & Resources:

    Internal Revenue Service
    Minnesota Department of Revenue
    The Simple Dollar: A good web site with Tax Calculations, Forms and Info
    Tax Almanac
    Tax Policy Center
    Tax News & Commentary
    Government Accountability Office
    Research Revenue Rulings & Cases
    What Factors Determine Minnesota Residency ? (.pdf
    Minnesota 529 College Savings Plan – Online Setup & Management

    Resource Documents & Files; Financial & Estate Planning:

    Gift Tax & Estate Tax Issues & Planning
    Rule of 72 (pdf)
    Time Value of Money for Retirement (.pdf)
    “Good Interest” & 30-year vs 15-Year Mortgages (.pdf)
    Family Limited Partnerships – An Overview (pdf)
    Deferred Tax – IRC Sec 1031 Exchange (pdf)
    Common Law Marriage Questions – Minnesota (.pdf)

    Marriage Planning: Tax & Economics (pdf)
    The “Stealth Tax” – The Alternative Minimum Tax (.pdf)
    Depreciation Tables & Asset Class Life (pdf)

    1031 Tax Deferred Exchanges – Benefits & Procedures

    Network Investments & Real Estate Services

    Tax vs Cash Consequences on the Sale of Depreciated Investment Property that is Highly Debt Leveraged (Short Sales & Foreclosure).

    Cash vs Tax Consequences (Sale of Duplex & High Debt) (pdf)
    Cash vs Tax Consequences – Worksheets (Cash Shortfalls & Foreclosure) (pdf)