Gifts of appreciated stock to charities avoids paying the capital gain on the stock in addition to giving you a charitable contribution for the fair market value of the securities.
You are allowed to deduct mileage driven for charitable purposes. The rate is 14 cents per mile for 2017.
Minnesota estate tax exemption is up to $2.1M for 2017. If you have your estate structured properly, a married couple could use both $2.1M exemptions, for a total of $4.2M.
It’s possible to owe both sales tax and use tax on the same item if the sales tax rate charged is not the same as the use tax rate where you will use the item.
There are two different ways to exclude your foreign earned income from your US tax return, the physical presence test or the bona fide resident test.
Cost segregation studies can be used to create a huge increase depreciation for one year when you own a building.
When a passive investment is sold the entire passive suspended loss for that property is released
Investment interest expense can be carried forward forever, there is no expiration date.
The net investment income tax allows for deductions like an allocation of state tax expense due to the investment income.
The Minnesota property tax refund looks at your household income for the year, but it doesn’t consider your household assets.