Billionaires avoid reporting cash gains to IRS
When billionaire Billy Joe “Red” McCombs, co-founder of Clear Channel Communications Inc. and former owner of the Minnesota Vikings, reported a $9.8 million loss on his tax return, he failed to include...
View ArticleLegal Matters: Hire with care — employment law basics for startups
One potential trouble spot for a new business is hiring help because it’s fraught with legal issues that are all too easy to overlook until it’s too late.
View ArticleCommentary: Navigating changes in final ‘Repair Regs’
New tangible property regulations aim to reduce confusion over whether certain expenses should be deducted as a repair or should be “capitalized.”
View ArticleContracts to buy U.S. homes fall for 5th month
Higher mortgage rates, price increases and the 16-day partial government shutdown held back sales.
View ArticleU.S. home prices rose at slower pace in September
The Standard & Poor’s/Case-Shiller 20-city home price index rose 0.7 percent from August to September, down from a 1.3 percent gain from July to August.
View ArticleDFL House likes tax cuts; Senate not so sure
Gov. Mark Dayton and House DFLers have expressed support or the repeal of the business-to-business sales taxes passed last year, but the idea has yet to gain favor with Senate Democratic leaders.
View ArticleGuest Column: Tangible property rules offer opportunities
The new federal Tangible Property Regulations provide a framework for distinguishing a capital expenditure from a deductible repair or maintenance expense.
View ArticleGuest Column: New ACA compliance rules put pressure on HR
The Internal Revenue Service is adding new reporting responsibilities under the Affordable Care Act and will require employers to submit new forms in early 2016.
View ArticleGuest column: Nailing down IRS rules for the real estate industry
Repair and maintenance regulations provides an opportunity for additional deductions for taxpayers, but may also result in additional tax liability.
View ArticleCaterpillar faces IRS penalties, more taxes on Swiss parts unit
Caterpillar Inc. said the Internal Revenue Service has “proposed” tax increases and penalties of about $1 billion after examining its U.S. returns for 2007 to 2009.
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