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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...

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Legal 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.

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Commentary: 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.”

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Contracts to buy U.S. homes fall for 5th month

Higher mortgage rates, price increases and the 16-day partial government shutdown held back sales.

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U.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.

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DFL 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.

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Guest 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.

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Guest 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.

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Guest 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.

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Caterpillar 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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