by Lommen Abdo | Jul 30, 2015 | Tax
Do you have a vacation home that you would love to keep in your family? Here are some ideas to ponder to make that happen! But first, you really do want to ask your children/grandchildren not only whether they are interested in continuing to own the vacation home, but...
by Glenn R. Kessel | Sep 15, 2013 | Glenn R. Kessel, Tax
[Q] I am a divorced small business owner in Minnesota with a net worth of approximately $3,000,000. How will the new Minnesota estate and gift tax affect my ability to leave my estate to my children with minimum gift and estate taxes? Read Glenn Kessel’s answer...
by Lommen Abdo | Aug 8, 2013 | Tax
The new tax law significantly affects taxpayers and their estates by enacting a gift tax (and thereby joining Connecticut as the only states to impose a state-level gift tax) and amending the estate tax and income tax. The Minnesota Legislature passed this Omnibus Tax...
by Marc A. Johannsen | Jun 3, 2013 | Employment Disputes, Employment Law, Marc A. Johannsen, Tax
UPDATE: On June 26, 2013 the U.S. Supreme Court issued decisions in two cases impacting same-sex marriage. While these rulings do not decide a constitutional right to same-sex marriage, the implications are very broad. As a result of these decisions, once same-sex...
by Robert P. Abdo | Jan 5, 2010 | Robert P. Abdo, Tax
Now is the right time to review and evaluate the organization and operation of your nonprofit organization. Enforcement activity of tax-exempt organizations has increased exponentially by both the Internal Revenue Service and states attorneys general. Failure to...