What is the Program? Legislation passed in 2001 (the Sustainable Forest Incentive Act (SFIA)) allows annual payments to be made to enrolled owners of forested land as an incentive to practice …
READ MORE →This property classification, enacted in 2008, provides a reduced class rate of 0.65 percent to forested property that is subject to a current forest management (stewardship) plan and that meets …
READ MORE →The Green Acres Program provides property tax relief for owners of agricultural property in areas where the market value of land is being affected by development pressure, sales of recreational land, …
READ MORE →What is a Special Agricultural Homestead? The Special Agricultural Homestead provision extends homestead status to property owners who do not live on their farm but actively farm their land or who …
READ MORE →Background During the 2001 legislative session, Minnesota enacted the first state property levy since taxes payable in 1967. The tax is only on certain properties and was enacted as part of a property …
READ MORE →Special Homestead Classification: Class 1b Special Homestead Classification: Class 1b provides a reduced class rate for qualifying blind/disabled property owners. What is Class 1b? Class 1b provides a …
READ MORE →This fact sheet is the second in a series of three fact sheets that were designed to assist taxpayers in the understanding of the basic concepts of their annual assessment and property tax …
READ MORE →This fact sheet is the first in a series of three fact sheets that were designed to assist tax payers in the understanding of the basic concepts of their annual assessment and property tax …
READ MORE →Each spring your county sends you a property tax bill. Three factors that affect your tax bill are: the amount your local governments (town, city, county, etc.) spend to provide services to your …
READ MORE →Minnesota classifies every parcel of real property according to its use on the assessment date (January 2) and that classification directly determines the tax capacity rate applied to the parcel. …
READ MORE →Minnesota sales tax applies to lawn and garden maintenance, indoor plant care, tree and shrub services, and other taxable services discussed in this fact sheet. For more information, see: Fact Sheet …
READ MORE →Minnesota sales tax does not apply to landscaping construction contracts for improvements to real property, but sales tax does apply to landscaping maintenance contracts to maintain a pre-existing …
READ MORE →In today’s world, new technologies have made it possible for employers to monitor many aspects of their employees’ activity. Recent surveys have found that a majority of employers do monitor their …
READ MORE →What Is Unfair Competition Under Minnesota Law? Unfair competition is a broad category of business torts, not a single cause of action with specific elements. Minnesota courts recognize it as a …
READ MORE →Background and Origin The Minnesota Business Corporation Act is Minnesota’s adopted version of the Model Business Corporation Act (MBCA), a body of law first published in 1950 with the purpose of …
READ MORE →2014 Update on Karon Waivers and Spousal Maintenance When divorcing spouses enter into a spousal maintenance agreement, they often include a “Karon waver.” However, many Karon waivers do not include …
READ MORE →I was recently asked this question: Is posting a private email on social media or an online website illegal? Is it illegal to forward it to a group of people? A person emailed her elected official. …
READ MORE →If you are like most companies in the Information Age, your confidential information is critical to your competitive advantage. What is Your Company’s Confidential Information? Each company has its …
READ MORE →In general, a party should not file a motion for default judgment merely because the opposing party’s pleading was untimely served or filed. Attorneys who are new to filing a motion for default …
READ MORE →On February 24, 2014, the Financial Industry Regulatory Authority (FINRA) announced a $775,000 fine against Berthel Fisher for “supervisory failures related to sales of Non-Traded REITs and Leveraged …
READ MORE →What’s New in 2013 Certain digital products are taxable Starting July 1, 2013, certain digital products are subject to Minnesota sales and use tax. Some exemptions apply; see below for more …
READ MORE →Minnesota Revised Uniform Limited Liability Company Act Nearly 200,000 LLCs formed in Minnesota since 1993 will be affected by the new Minnesota Revised Uniform Limited Liability Company Act, which …
READ MORE →NOTICE: The sales and use tax on repair and maintenance of certain equipment and machinery for businesses has been repealed effective April 1, 2014 This article explains how Minnesota sales and use …
READ MORE →IMPORTANT:** This article is outdated. See guide to Minnesota Sales Tax for Labor, Installation, Construction, and Fabrication, which was updated in 2013. This article explains how Minnesota sales and …
READ MORE →Update: This tax was repealed on March 21, 2014. The information below is preserved for archival purposes. It is no longer in effect. 2014 Law (Repealed) Starting April 1, 2014, business-related …
READ MORE →Introduction A criminal trial isn’t the only time you may need to “plead the Fifth.” You may need to assert your Fifth-Amendment right against self-incrimination in a civil lawsuit, even the middle of …
READ MORE →Installment Sales (See footnote 1.) IRC Section 453 defines the appropriate accounting method for reporting income from an “installment sale.” (See footnote 2.) An installment sale is generally …
READ MORE →Get Started: Licensing Requirements & Other Considerations The 21st Amendment to the United States Constitution ended prohibition in 1933. That year, all 50 states adopted some form of three-tier …
READ MORE →Can a broker be liable for tax consequences arising from an ill-advised annuity liquidation? Yes. What about other bad tax advice? Absolutely. In short, a broker can be liable. You may have a claim …
READ MORE →Before entrusting a brokerage firm with your life savings, or any significant portion of it, spend some time evaluating the firm’s financial health. You’ll be glad you did if the firm ultimately …
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