If you’ve recently received an IRS Notice CP53, you’re not alone, and you’re right to pause before taking action. At Froehling Anderson, we’re seeing an increase in questions from individuals and business owners regarding this notice.
Tag: IRS Updates & Regulations
Minnesota’s Paid Family & Medical Leave: What’s Taxable, What’s Changed, and What You Need to Know
Minnesota’s Paid Family and Medical Leave program is right around the corner, and as with most new programs, the tax treatment is evolving. As we head into 2026, updated IRS guidance has clarified how the PFML benefits will be taxed and reported for the short term.
New USPS Mailing Rules: How They Could Impact Your Year-End Tax Deductions
As year-end approaches, many taxpayers and business owners rush to finalize payments, contributions, and filings that impact their tax deductions.
Unrelated Business Income Tax (UBIT): What Nonprofits Need to Know
Nonprofit organizations work hard to focus on their mission: serving communities, supporting causes, and strengthening Minnesota. But when revenue begins flowing in from activities outside that mission, things can get complicated quickly.
Multi-State Income Tax Nexus: What Business Owners and Controllers Should Know
If you are a business owner, controller or CFO overseeing multi-state operations, understanding income tax nexus, and its cousins, franchise and excise taxes, is critical.
Rothification of Catch-Up Contributions: What Employers Need to Know
If you have employees age 50 or older who earn $145,000 or more in FICA wages, a significant retirement plan change is coming your way.
Executive Order #14247
On September 30, 2025, a major shift in how Americans receive and send money to the federal government will take effect. What does this mean for federal payments and your finances?
