Katie M. Jacobson, CPA

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!

10/07/2025

🍁October is Women in Small Business month and each year we like to highlight the wonderful women in our community!

Please help us in recognizing Katie Jacobson!

🍂Katie is the owner of Katie M. Jacobson, CPA.
🍂She has been in business since 2019 as a partner in the firm and then as a sole proprietor since 2022.
🍂She has 4 employees.
🍂Her favorite vacation spot is Jamaica.
🍂You can support her small business through referrals! She has an amazing staff where everyone has their own niche that allows them to provide services for everyone!

A special thank you to 507 Designs who created and donated bags for all the women!

09/15/2025

From MN Department of Revenue:

Scam Alert:
We are monitoring reported text messages that claim to be from the Minnesota Department of Revenue asking you to update banking information. If you get one of these messages, do not reply or click any link in it. We will never send unsolicited texts asking for personal data.
Below is the content of the scam text messages to be aware of:
Your refund request has been processed and approved. Please provide accurate payment information by 9/16/2025. Funds will be deposited into your bank account or mailed to you via paper check within 1 to 2 business days.
[LINK]
Failure to submit the required payment information by 9/16/25 will result in permeant forfeiture of this refund under Minnesota Statue 5747.11. reply "y" then close and reopen this message to activate the link. If the issue persists copy the link and enter it directly into your browser

We're seeing text message scams claiming to be the Minnesota Department of Revenue. We will never send unsolicited text messages. If you receive one of these messages, do not click links or reply.

08/19/2025

From Minnesota Department of Revenue:

Keeping back-to-school shopping receipts can lead to tax time savings for Minnesota families.

The Minnesota Department of Revenue reminds parents and caregivers that they can claim valuable K-12 tax benefits at tax time next year by saving back-to-school shopping receipts for purchases made this year.

Two tax benefits can help Minnesota families pay expenses related to their child’s education: the refundable K-12 Education Credit (income limits apply) and the K-12 Education Subtraction (no income limits).

“With summer coming to a close and new school years kicking off across the state, we know that tax filing is not top of mind for most Minnesota families,” said Revenue Commissioner Paul Marquart. “However, we wanted to remind parents to save those back-to-school shopping receipts so that they can claim the K-12 Education Subtraction or the K-12 Education Credit and potentially get a larger refund when filing their income taxes next year.”

To qualify, the purchases must be for educational services or required materials. The child must be attending kindergarten through 12th grade at a public, private, or qualified home school and meet other qualifications.

Save those receipts!
Remember to save your receipts to claim the credit or subtraction. Use a folder or envelope to store receipts for the upcoming tax filing season.
Most expenses for educational instruction or materials qualify, including:
• Paper
• Pens and notebooks
• Textbooks
• Rental or purchases of educational equipment such as musical instruments
• Computer hardware (hotspots, modems, and routers) and educational software (up to $200 for the subtraction and $200 for the credit) *
• After-school tutoring and educational summer camps taught by a qualified instructor
*Fees for internet service do not qualify

07/31/2025

Attention! Someone has created a fake email and is sending something to local businesses via DocuSign pretending to be me! Please do not open this DocuSign link and report it via DocuSign or your email as a phishing attempt if you receive one!

Please note, our firm’s email addresses are in no way affiliated with any email address ending in .com!

07/15/2025

06/24/2025

05/08/2025

Our phone system is back up and running! Thank you for your patience the last few days.