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Southern MN | I got that letter yesterday.(they want more money for 2018) Worse is the theft that MN is doing by not following the federal guide lines on the section 179. I have to write that check next Monday. MN tax bill is 6 times bigger than it should be because had the first decent year in 2019 that I have had in a while and did some much needed Machinery updating. I will get it back over the next 7 years if I remain profitable enough to actually have to pay taxes. If you don’t use the depreciation it does not carry forward, so looks like I will lose my 2020 depreciation.
Edited by Jrditchdigger 7/11/2020 18:11
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Taxes
