Retired with Estimate Tax Payments | Rice County, Minnesota

Q:  My retired neighbor tells me that he has to make payments to the state of Minnesota four times a year.  How can that be? A: He is making estimated tax payments because the balance he owed Minnesota in 2018 was more that $500.  Minnesota requires that you pay quarterly estimated tax payments–if you don’t […]

Child Tax Credit | Southern Minnesota

Q:  How come when I filed my taxes this year, I only got a $3,000 child tax credit–when I have 3 kids?  They are 14, 17 and 18?  They radio told me I get $2,000 per child!  What did I do wrong? A:  First of all, you didn’t do anything wrong.  The $2,000 child tax credit […]

Fake IRS Letters | Rice County, Minnesota

Over the past couple of days, my office has received phone calls and clients stopping in with a letter from the IRS.  While this is fairly normal, these particular letters are, in fact, completely fake.  For one, the letter asks for a BLANK money order of $5,000 within ten business days.  The IRS would not […]