Corporate

Estate Tax Law Change For Non-Residents

As of July 1, 2013 non-residents who own an interest in a Partnership, LLC, or an S-Corporation that owns tangible personal property or real estate in Minnesota will now be subject Minnesota estate tax. This new provision is retroactive with an effective date of January 1, 2013.

For more information about the tax changes visit our Hot Topics Page: http://joneslawmn.com/

 

Jeremy J. Nauman, Attorney

Estate Tax Change

Minnesota will continue to not impose any estate taxes for estates not exceeding $1,000,000.00. As of July 1, 2013, Minnesota will have a three year look back from the date of death that will add taxable gifts made after June 30, 2013 back into your estate.

 

For more informationabout the tax changes visit: http://joneslawmn.com/topics/

 

Jeremy J. Nauman, Attorney

 

USDA Warns Of Fraudulent Letters

USDA officials learned late Friday afternoon, March 16th, 2012, that fraudulent letters are being sent by FAX to individuals and businesses in at least four states. The letters purportedly come from a USDA procurement officer and seek personal information. These letters are false and in no case should a recipient respond with personal and financial information. The fraudulent letters bear USDA's logo and seal and are signed by an individual identified as "Frank Rutenberg" using a title of "Senior Procurement Officer".

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