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August 2011
Issue: 36
Minnesota Property Tax Returns and Baby News
 
I hope everyone is having a great summer and enjoying the nice weather we have been having,  This is a slower time of year for us so we've been able to get out of the office for a few hours here and there and relax a bit.  I wanted to remind our Minnesota clients that property tax returns are due on August 15th.  We are in the process of filing many of these for our clients and will have them filed by the 15th.  If you don't receive any notification from us and you think you are entitled to a property tax refund, please contact us and we'll see if you qualify or not.

In other news, Andrew John Vetscher was born on Sunday, July 31st at 6:57am.  He weighed 7 lbs 2 oz and already seems to have a knack for simple math.  Erin and baby are doing great and we are ecstatic to welcome him to the Vetscher family.
 
Enjoy this month's newsletter!

 

The Internal Revenue Service announced an increase in the optional standard mileage rates for the final six months of 2011. Taxpayers may use the optional standard rates to calculate the deductible costs of operating an automobile for business and other purposes.



Five Tax Scams to Avoid this Summer

 

 

Hiding income offshore, identity theft and return preparer fraud topped the IRS's list of tax scams in 2011. The Internal Revenue Service issues an annual list of the top 12 tax scams, known as the "Dirty Dozen." These scams are illegal and can lead to significant penalties and interest and possible criminal prosecution.


Read more... 
 

 

In This Issue
IRS Increases Mileage Rate to 55.5 Cents per Mile
Five Tax Scams to Avoid this Summer
Tax Reform and What Could Happen To Your Deductions
Upcoming Tax Deadlines

 

Tax Reform and What Could Happen To Your Deductions

 

Some people call them "tax loopholes," while others prefer "tax breaks." In Congress, they are often called "tax expenditures."

Whichever term of art you prefer, hundreds of tax deductions, credits and exclusions that taxpayers rely on every year are at risk of being cut.

   

Upcoming Tax Deadlines

Please let us know if there is anything we can do for you!!

 

Vetscher & Associates, LLC

651-690-2250

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