Katie M. Jacobson, CPA

07/15/2026

05/27/2026

Attention current business clients:
In the coming week or so, we will be contacting all clients who have utilized/can utilize Pass-through Entity tax (PTE) to set you up for new estimated taxes for 2026!

From MN Revenue:

The Minnesota Department of Revenue is reviewing the tax bill that was passed by the Minnesota Legislature and recently signed into law by Governor Tim Walz. The bill extends the Minnesota Pass-Through Entity (PTE) tax through the 2027 tax year. Minnesota PTE tax will expire for taxable years beginning after December 31, 2027.
The bill also updates estimated payment requirements for 2026 only. Businesses electing to pay PTE tax in 2026 must make four equal, on-time estimated payments.
First-quarter estimated PTE tax payments are considered timely if they are paid by the second quarter estimated payment due date.
For calendar filers, the second quarter payment is due June 15, 2026. No additional tax charge (ATC) will apply relating to estimated PTE tax due if the payment is made in full by that date.

05/11/2026

https://www.thetaxadviser.com/news/2026/may/cp53e-notice-tied-to-paper-check-transition-causes-confusion/

Please read the following article related to receiving CP53E notice from IRS! A few of our clients have "erroneously" received these letters and per the article, "until further guidance is issued, the IRS is not recommending any further action".

Taxpayers and practitioners are unsure whether the CP53E notices they have received are scams or simply sent in error, a confusion heightened by the inclusion of a QR code.

04/16/2026

And that’s a wrap! So thankful for our clients and always being patient. Most importantly, so grateful to have amazing staff who put in long days and weekends to make it all happen! You are all so appreciated!