Redpath Insights

The Redpath Insights blog will help you stay up-to-date on the latest tax, audit, accounting and advisory insights so you can make more informed business decisions. 

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Tax Planning Strategies (4)

1042 Election: Defer Taxes on Your Sale to an ESOP

ESOPs come with a variety of advantages for the sponsoring company, the selling shareholders, and...

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Changes to 2020 Form W4 for Employers and Employees

October 21, 2019 — The Internal Revenue Service has made extensive changes to Form W-4 (Employee’s...

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Minnesota Tax Conformity to Federal Tax Cuts and Jobs Act

June 3, 2019 — On Friday, May 31st, Governor Tim Walz signed into law Minnesota’s response to the...

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Opting Out of S Corporation Status at the State Level to Avoid the $10K SALT Deduction Cap

May 28, 2019 — With the Tax Cuts and Jobs Act limiting an individual taxpayer to a $10,000 ($5,000...

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Saying No to the Business Interest Expense Deduction Limitation

May 22, 2019 — Taxpayers who are in the real estate or construction industry may benefit from...

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Newly Proposed Opportunity Zone Regulations

May 7, 2019 — The IRS recently released a set of proposed updated guidance around opportunity...

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How Can You Reduce Your State Tax Apportionment?

May 1, 2019 — Owners of pass-through entities (S corporations, LLC/partnerships) that sell services...

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Should the Minnesota Angel Tax Credit Come Back?

February 19, 2019 — The Angel Investment Tax Credit was a program offered by the state of Minnesota...

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Final Regulations for IRS Section 199A Deduction

January 22, 2019 — On Friday, January 18, 2019, the IRS released final regulations under IRC...

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Are You Eligible for the IRS 199A Rental Property Tax Deduction?

January 22, 2019 — The question of whether rental property is eligible for the new 20% pass-through...

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Substantiation to Prepare For an IRS Examination

December 31, 2018 — Most businesses incur travel, meal, gift, and listed property expenses in the...

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What Employers Need to Know About Qualified Transportation Fringe Benefits

December 18, 2018 — On December 10, 2018, the IRS issued Notice 2018-99 that provides interim...

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New Guidance Will Require More Nonprofits to Pay Unrelated Business Income Tax

December 18, 2018 — The tax-exempt sector has received the much-anticipated interim guidance from...

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Small Business Taxes: New and Improved Access and Accounting Methods

December 13, 2018 — The IRS has provided procedures that benefit many small business taxpayers by...

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Special Fringe Benefit Reporting Rules for S-Corporations

December 11, 2018 — A Fringe Benefit is a form of payment for the performance of services. For...

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