Dean Richards CPA, CVA
Tax Principal | Minneapolis Office
952-920-6603
- AICPA
- MNCPA
- Advisory Board of Metro North Chamber of Commerce
- Minnesota Hospitality Association
- National Association of Certified Valuators & Analysts
- Spring Lake Park High School STRIVE program
- Treasurer of Blaine/Ham Lake Rotary
- White Bear Area Chamber of Commerce
How Dean got here
- Bachelor of Science Accounting and Business Administration from Winona State University
- Joined the Minneapolis practice in October 1990
How Dean approaches work
“I take a proactive approach toward finding solutions to solve my client’s needs. I aim to deliver big firm services with a small firm touch.”
How Does Dean Spend His Time Elsewhere
“I enjoy watching or coaching my children’s baseball, football, hockey and soccer games and spending time at my parent’s lake home in Walker, Minnesota. I also enjoy golfing with family, friends and clients.”
Related Service Resources
IRS Formally Clarifies PPP Expense Position
The IRS issued Revenue Ruling 2020-27 on November 18th, formally denying the ability to deduct expenses related to PPP forgiveness. In the ruling, the IRS clarified the deduction for PPP expenditures is denied in the period the expenses were incurred (2020), even if the taxpayer waits until 2021 to apply for forgiveness.
Section 179: Minnesota Passes Conformity for 2020
Minnesota passed a bipartisan tax and bonding bill recently that included full conformity for all Section 179 expensing for tax years beginning in 2020. Additionally, the bill included retroactive Section 179 conformity to 2018 for assets acquired in a like-kind exchange.
IRS Resurrects Form 1099-NEC
The filing of 2020 1099 forms will be a bit different compared to years prior. The 1099-MISC Form has historically been used to report payments, including nonemployee compensation, rents, and other income, to the IRS.