Jason Dinesen

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So far Jason Dinesen has created 231 blog entries.

New York Sees Economic Benefits from Gay Marriage

By | October 28th, 2011|Categories: Same-Sex Marriage and Taxes, Small Businesses Taxes, State Taxes|Tags: |

Bloomberg Businessweek is reporting that New York may see hundreds of millions of dollars in extra revenue thanks to the legalization of gay marriage there.  From the Bloomberg article: New York may reap $310 million over the next three years from license fees, taxes, and tourism related to same-sex weddings, according to a May report by four [...]

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IRS Stepping Up Gift Tax Enforcement

By | October 27th, 2011|Categories: Potpourri of Tax Topics|Tags: , |

According to Forbes.com, the IRS is continuing to search for people who have not filed gift tax returns on property transfers.  From the Forbes article: Although gift tax audits are historically rare, the IRS has examined hundreds of taxpayers in the last two years whom the IRS suspects made large gifts, yet failed to file the [...]

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DOMA News: Federal Court Employee Lawsuit Update

By | October 25th, 2011|Categories: Same-Sex Marriage and Taxes|Tags: |

This is not a tax issue per se, but the outcome of the case is of interest to anyone who follows issues related to gay marriage. Lawyers for the U.S. House of Representatives say gays are not entitled to the same heightened legal protections as other minorities because "they are far from politically powerless and have [...]

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Sugary Treats for Students Are Not Tax Deductible

By | October 24th, 2011|Categories: Potpourri of Tax Topics|Tags: , |

Teachers who pay for classroom supplies out of their own pocket can take a deduction on their tax return.  The first $250 of expenses are deductible on the front side of Form 1040.  Expenses beyond $250 can be claimed as itemized deductions if the total of the expenses exceeds 2% of the taxpayer's income. But as [...]

Nebraska Adds Safer Investment Option to 529 Plan

By | October 24th, 2011|Categories: State Taxes|Tags: , , |

Nebraska is changing its 529 Savings Plan for college expenses, adding an investment option that will operate similar to a bank account.  This option will allow people to shield their money from market losses. 529 plans are a great way to save for college expenses.  No federal tax deduction is available for contributions to a 529 [...]

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