Accounting and Tax Services for Small Businesses and Individuals in the Des Moines, Iowa Area and Beyond

The Dinesen Tax Times

Revisiting a History of Marriage in the Tax Code, Part 5

September 20th, 2017|0 Comments

Community property laws factored heavily into the creation of filing statuses in the U.S. Tax Code.

Glossary: AGI

September 14th, 2017|0 Comments

AGI stands for "adjusted gross income." AGI is the bottom-line number on the front side of the federal Form 1040. It's a key number as a taxpayer's AGI determines eligibility for credits and various deductions elsewhere on the tax return.

Are Iowa 529 Deductions Just for Dependents?

September 12th, 2017|0 Comments

The rule is, you can take a deduction on your Iowa return of up to $3,239 (in 2017) per beneficiary. A beneficiary does NOT have to be your own child. I can be anyone, including yourself, or even someone who’s not related to you.

Small Business

305, 2016

You Can Afford Employees But Not an Accountant?

Things business owners have actually said to me: "I hired employees but can't afford an accountant."

1203, 2015

Why Do Unethical Clients Bother Working With Tax and Accounting Pros?

I'm always confused when an unethical client bothers seeking out the help of a licensed professional.

State Taxes

2607, 2017

Are Dental Insurance Premiums Deductible in Iowa?

Iowa allows a deduction in full for health insurance premiums paid with after-tax dollars. This sometimes creates questions about what exactly counts as a "health insurance premium." For example, does dental insurance count? The short answer is, yes.

506, 2017

Iowa Deduction for Charitable Mileage

Image courtesy of user Maialisa on Iowa allows taxpayers to take an extra itemized deduction for charitable mileage. Here’s how it works. Background [...]