Minnesota

Minnesota’s Struggles To Conform to the TCJA Made Its CPAs Happy. Taxpayers, Not So Much.

It’s an unusually glamorous time to be an accountant in Minnesota. Over the past year, certified public accountants (CPAs) and other professional tax preparers have...

August 26, 2019Erin Huffer Maxwell Grozovsky

State and Local Issues: TaxVox

Post-TCJA, Your State Should Consider a Refundable Child Tax Credit

Some low- and middle-income families in Colorado, Minnesota, New Mexico, and North Dakota are facing state income tax hikes. And the larger the family, generally...

November 15, 2018Richard C. Auxier Elaine Maag

: Daily Deduction

On Flat Taxes, Tax Relief, and Evidence

Flat tax chatter: Just small talk or a deeper conversation? The Hill examines GOP presidential hopefuls Rand Paul and Ted Cruz and their ideas for an across-the-board tax rate. A flat tax will disproportionately benefit higher earners, and even some in the GOP say that makes it a non-starter. But

April 21, 2015Renu Zaretsky

: TaxVox

Charting a Course for Tax Reform: Might Feel Familiar, Won’t Be Easy

On the Hill: Taxpayer protection sought, tax reform input needed. The Senate Finance Committee holds a hearing today on protecting taxpayers from scams during the current tax filing season. Yesterday, panel Chairman Orrin Hatch and Ranking Member Ron Wyden announced their effort to solicit ideas on

March 12, 2015Renu Zaretsky

: TaxVox

Will Tax Reforming Be Forgot and Never Brought to Mind?

Congress is adjourned. The Daily Deduction will appear Mondays until it reconvenes. Could Dave Camp’s proposal and the corporate inversion debate prompt tax reform in 2015? TPC’s Bill Gale considers how they might shape developments in 2015. “Camp’s proposal provides the means to think seriously

December 29, 2014Renu Zaretsky

: Daily Deduction

IRS Has New Woes in Congress; Taxes in Minnesota Pay Off

House Republicans would slash IRS funding. Their fiscal year 2015 financial services budget includes roughly $11 billion for the IRS. This would cut $341 million from the agency’s current budget, and is $1.5 billion less than the White House request. They are also outraged over lost IRS emails.

June 18, 2014Renu Zaretsky