Tax Law

Tax Law

Minnesota Pass-Through Entity (PTE) Tax Election

The Minnesota pass-through entity tax election is a state-level workaround for a federal problem: the cap on individual deductions for state and local taxes. When your LLC or S-corp makes the …

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Tax Law

Minnesota LLC Tax Elections: Choosing a Structure

Minnesota treats your LLC as a state-law entity with liability protection, but the IRS treats that same LLC as whatever federal tax classification you choose. That split is the core concept business …

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