Best Tax Attorneys in Bloomington

FAQs

• Where does the Tax Court hold trial sessions closest to Bloomington, Minnesota?

  The Tax Court holds trial sessions for Bloomington tax cases in St. Paul. The office is located at Room 444 W.E. Burger Federal Building & U.S Courthouse 316 North Robert Street.

• Where is the low-income taxpayer clinic that is closest to Bloomington, Minnesota?

  The closest low-income taxpayer clinic in Bloomington is the Mid-Minnesota Legal Aid Tax Law Project. You may call (800) 292-4150 or fax at (612) 334-5970 for assistance.

• What property taxes in Bloomington should corporations need to pay?

  Corporations in Bloomington are subject to property taxes on their real, tangible, and intangible personal properties. Real properties include land, buildings, and other structures. Tangible personal properties include inventory, equipment, and other physical assets used in business. Intangible personal properties include stocks, bonds, and other financial assets.

• Why is it important to seek tax planning services in Bloomington?

  Businesses and individuals in Bloomington need to remember the importance of seeking tax planning services. Through tax planning, taxpayers can legally reduce the amount of their tax liabilities and make sure that their enterprises are tax-compliant. It can also help lower taxes on investments and retirement distributions to maintain their lifestyle.

• For U.S. taxpayers in Bloomington with undisclosed financial assets, what do they need to do to minimize civil and criminal penalties?

  U.S. taxpayers in Bloomington with undisclosed financial assets have several options for coming clean to the IRS. They can follow the IRS Criminal Investigation Voluntary Disclosure Practice, Delinquent International Informational Return Submission Procedures, Streamlined Filing Compliance Procedures, or Delinquent FBAR Submission Procedures. The appropriate program will depend on the taxpayer's individual circumstances. If taxpayers fail to disclose their assets and pay their taxes, they could face large civil penalties of up to 50% of the maximum value of the account.

• Who are liable for paying tax penalties in Bloomington?

  In Bloomington, the liable parties for tax penalties are those who have the power to make payroll deductions but fail to do so. This could be one person or a group of people, such as company directors, corporate employees, chief executive officers, or board of trustee members. The IRS can hold anyone liable for back taxes, regardless of their position in the company.

• Can you file a wage garnishment appeal in Bloomington?

  Yes, you can file a wage garnishment appeal in Bloomington. You can work with tax attorneys to help you negotiate with the IRS to delay the proceedings. You can file an appeal if the IRS has occurred some errors, you have paid your overdue taxes before the withdrawal, and you have filed for bankruptcy during the assessment and notice period.