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Category: Tax Tips

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Minnesota has an R&D tax credit which is calculated independently of the federal R&D credit.
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There are two higher education tax credits; one is partially refundable, the other is nonrefundable. Be sure to use the right one.
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Revocable trusts can be ignored for tax purposes until the grantor dies.
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The Tax Cuts and Jobs Act of 2017 is now considering certain fringe benefits for employees given by nonprofits unrelated business income and will need to be reported on the 990T.
- Becky Gibbs, CPA
There are two different ways to exclude your foreign earned income from your U.S. tax return - the physical presence test or the bona fide resident test.
- Chris Wittich, CPA
Do you own a building? Cost segregation studies can be used to create a huge increase depreciation for one year when you own a building.
- Chris Wittich, CPA
The FBAR deadline has changed - it's now due with the tax return instead of June 30th.
- Chris Wittich, CPA
Get documentation for your charitable contributions in January so you have them before you go to file your return.
- Chris Wittich, CPA