VIDEOS & POSTS

Nels Larsen, CPA, CMA, CFM

Pros and Cons of Extending Your Return

To extend or not to extend, that is the question many business owners and individuals face each year. There are important reasons for...

Nels Larsen, CPA, CMA, CFM

6 Ways to Avoid Tax Audit Attention

When it comes to tax audits, there are several red flags that could increase your chances of drawing unwanted attention from the IRS....

Nels Larsen, CPA, CMA, CFM

Beneficial Ownership (BOI) Reporting: What you Need to Know

In 2021, Congress passed the Corporate Transparency Act on a bipartisan basis. This law is part of the U.S. government’s efforts to make...

Nels Larsen, CPA, CMA, CFM

State of MN to issue Tax Rebate Payments

The Minnesota Department of Revenue will send direct tax rebate payments for tax year 2021 to eligible Minnesotans after a recent tax law...

Nels Larsen, CPA, CMA, CFM

IRS: Average taxpayers ‘should not be worried’ about audits as agency grows

By Katie Lobosco, CNN Updated 5:26 PM EDT, Thu April 6, 2023 Danny Werfel testifies before the Senate Finance Committee during his IRS...

Nels Larsen, CPA, CMA, CFM

How to Arrange Travel to Maximize Business Deductibility

We often get asked how or if travel arrangements can be made to make trips deductible as a business expense. Please read the following...

Nels Larsen, CPA, CMA, CFM

More reasons to have a Health Savings Account (HSA)

Many people have health savings accounts, or at least have heard of them. While you (or your employer) can only contribute money to them...

Nels Larsen, CPA, CMA, CFM

Should you Extend Your Tax Returns? Top 13 things to Consider

With tax season upon us, an almost universal question that many CPA’s and tax professionals get asked, “should I extend my tax returns”...

Nels Larsen, CPA, CMA, CFM

How to Section 1031 Exchange into a Delaware Statutory Trust

As you likely know, the Section 1031 tax-deferred like-kind exchange is one of the greatest wealth-building mechanisms for real estate...

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