Having spent more than a decade working with taxpayers and Department employees on sales and use tax audits and refund requests, I find that responding to documentation requests from the Department can either be an exercise in pragmatism or an exercise in preventing auditors from murdering a taxpayer’s business by a thousand cuts. The reality is that accumulating and providing documentation is easier for some taxpayers than for others. Similarly, the requirements laid out by some states, or by some auditors, are more burdensome than by others.
Fredrikson & Byron attorney Zachary S. Pratt was recently elected to serve on the First Tee of Central Iowa Board of directors, effective immediately.
Attorney Tess L. Pocock has joined Fredrikson & Byron as an associate in the Energy, Renewable Energy and Mergers & Acquisitions Groups.
Pam Wandzel has been nominated as one of the honorees in The Citizens League’s #MNCivicLeader an annual social media campaign to identify everyday civic leaders who go above and beyond to make a difference in Minnesota.
One of the largest sources of stress for a taxpayer with significant federal tax debts is whether the IRS can take his or her house. For many taxpayers, the family residence is the most important source of their wealth. In addition, it is not just their house, but their home—a source of happiness and joy and family community. The prospect of losing a home therefore not only threatens financial loss, but it is often emotionally taxing as well.
Fredrikson & Byron shareholder and president John M. Koneck has been recognized as one of Minnesota’s most powerful business leaders in the 2021 edition of the Minnesota 500.
On September 27, the U.S. House of Representatives introduced a reconciliation bill that includes significant changes to estate, gift and generation-skipping tax laws. While this is just the start of the process, there are three specific changes to current law in the proposed bill that will have a direct impact on estate planning if they do become law: Estate, Gift and GST Tax Exemptions, Grantor Trust Rules and Discount Planning for Nonbusiness Assets.
Fredrikson & Byron continues growth in the Des Moines market with the addition of patent attorney Tina G. Yin Sowatzke.
Third-party releases headline news stories about major chapter 11 cases, including Purdue Pharma and the Boy Scouts of America. Will Congress consider a bill that would restrict the use of third-party releases?
Federal District Court of Minnesota Holds that Disgorgement of Chapter 11 Professional Fees Not AllowedCategory: Legal Update
When a case is administratively insolvent, can a trustee force estate professionals to disgorge compensation paid pursuant to a court’s order approving such compensation?