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Tax Roundup, 12/6/12: Putting the “net” in investment income. And Bar time!...
I speak this afternoon at the Iowa Bar Association Bloethe Tax School. I will be talking about “Affordable Healthcare Act for Pass Through Entities” at 3:40. The newly-released proposed regulations...
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Tax Roundup, 12/7/2012: You can’t soak the rich without soaking employers....
When you tax “the rich,” you tax business. That’s not going to help a struggling economy, but that’s where we’re going. The TaxProf reproduces a great Congressional Budget Office chart that shows how...
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Tax Roundup, 12/10/2012: Fund of Follies tax credits!
Tails. We lose. In 2002 Governor Vilsack signed into law a bill creating an Iowa “Fund of Funds” tax credit. It’s back in the news: Register Exclusive: Fund’s bailout costs Iowans $26 million The...
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Tax Roundup, 12/12/12: Iowa income tax reform on hold? And Warren calls for...
What’s missing here? Governor Branstad had an interview with the Associated Press about his plans for the coming legislative year. Topics covered include - Property tax reform - Education reform -...
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Tax Roundup, 12/13/2012: Tax preparer deadline looms. Also: why some...
As Year-End Deadline Looms, Independent Tax Preparers Continue Fight Against IRS Power Grab. (Institute for Justice). IJ has prepared a two-minute video about their suit to stop the inane and futile...
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Tax Roundup, 12/14/2012: I want to lose weight. And I want more dessert!
Flickr image courtesy seriousbri under Creative Commons license. Cause and effect: the Iowa Chamber Alliance can’t quite put them together. The umbrella group for Iowa’s chambers of commerce has...
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Tax Roundup, 12/20/2012: Blizzard! And meeting interesting people via social...
Yes, the blizzard came. It’s still snowing at 6 a.m., with up to 14 inches. Here’s what happens next: * WINDS/VISIBILITY…NORTHWEST WINDS WILL BECOME VERY STRONG AND CONTINUE THROUGH THIS AFTERNOON....
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Tax Roundup, 12/24/2012: the coming preparer crash. Also: a modest fiscal...
IRS preparer rules may create a catastrophic preparer shortage. A press release last week from the IRS urging preparers to take the new Registered Tax Return Preparer examination saves the real news...
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Tax Roundup, 1/3/2013: Now Iowa’s filing season is a mess.
The Hoover Office Building, the warm and cuddly home of the Iowa Department of Revenue. The Fiscal Cliff Bill complicates Iowa tax returns for 2012. Iowa doesn’t automatically adopt federal tax law...
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Tax Roundup, 1/4/2013: How many seconds of federal spending do you cover? And...
Spending, by the numbers. Local radio guy Brian Gongol asks, Why do we baffle ourselves with huge numbers instead of talking about budgets in per-person terms? Why, indeed? You could ask 100 people...
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Tax Roundup, 1/7/2013: Economist says Iowa’s problem is income tax, not...
O. Kay Henderson reports that maybe the Branstad focus on property taxes is misplaced in Economist: Iowa income taxes not competitive: A Midwestern economist says Iowa policymakers should focus on...
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Tax Roundup: 1/8/2013: Iowa to issue mortgage credit certificates. And: got...
Dave Jamison Iowa issuing new certificates for federal mortgage interest tax credits. The Iowa Finance Authority yesterday announced that it will issue mortgage credit certificates that enable...
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Tax Roundup, 1/9/2013: E-filing gets underway January 30. Also: 79 year-old...
The IRS announced yesterday (IR-2013-2) that it will begin processing 1040s January 30. From where I stand that’s right on time, as very few of our clients have their 1099s, W-2s and K-1s before then...
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Tax Roundup, 1/11/2013: No, they aren’t paying attention. And it only gets...
Don’t forgive them, because they have no idea what they’re doing. Last night I taught a session on the Fiscal Cliff tax law and the Obamacare Net Investment Income tax to Iowa chapters of the...
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Tax Roundup, 1/17/2013: Iowa alternative maximum tax introduced. Also: cash...
Alternative Maximum Tax introduced in Iowa House. The Republican leadership of the Iowa House of Representatives has introduced a new way to compute Iowa personal income tax. HF 3 would create an...
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Tax Roundup, 1/23/2013: PTIN Paralysis! And: pay Iowa taxes with a cell phone?
The IRS has turned off its preparer registration initiative following the federal court decision enjoining the program. The Service issued this statement yesterday: As of Friday, Jan. 18, 2013, the...
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Tax Roundup, 1/24/2013: Tax increases for everyone, anyone? And more bad news...
Tax Foundation graphic. TaxProf, NY Times: it Is Time to Raise Taxes on Everybody — Including the Middle Class. Paul Caron links to a New York Times Op-ed: To make ends meet, both parties agree,...
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Tax Roundup, 1/25/2013: Only a few days left for IRA distribution mulligan....
A proposal to refund part of the state budget surplus. The Des Moines Register reports: Iowa House and Senate Republican leaders today proposed to give a flat $750 to every Iowa household in an effort...
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Tax Roundup, 1/28/2013: Should Iowa rebate its budget surplus? And PTIN limbo.
Iowa is collecting more tax money than it is spending. Iowa House Republicans propose to give the money back as a one-time tax credit. The Des Moines Register reports: The proposal would capture the...
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Tax Roundup, 1/30/2013: Bah. Humbug. And where states get their cash.
Why so grumpy? Because it’s the first “official” day of tax season as the IRS begins processing returns. But only some of them. The last-minute Fiscal Cliff tax law is delaying the processing of...
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