Jason Dinesen

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So far Jason Dinesen has created 755 blog entries.

Glossary: 1099

By | June 12th, 2017|Categories: Glossary|Tags: , , , |

In the tax world, the term "1099" refers to a series of reporting forms issued to recipients of certain types of income.

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Home Office Deductions and the “Exclusive Use” Rule

By | June 9th, 2017|Categories: Small Business Tax and Accounting|Tags: , , |

One of the basic truths for any taxpayer wanting to claim a deduction for business use of the home is, the office area must be used 100% for business purposes. And 100% business use means 100%. But is that really always true?

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Mistakes I’ve Made: Not Including Prior Refund on Amended Return

By | June 7th, 2017|Categories: Editorial Commentary|Tags: , , |

Tax preparers make mistakes too. In this semi-irregular series, I reveal some of the mistakes I've made through the years.

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Iowa Deduction for Charitable Mileage

By | June 5th, 2017|Categories: State Taxes|Tags: , , , |

Image courtesy of user Maialisa on Pixabay.com Iowa allows taxpayers to take an extra itemized deduction for charitable mileage. Here’s how it works. Background On federal tax returns, taxpayers who itemize deductions can take a deduction for mileage driven for charitable purposes. The deduction is equal to 14 cents per mile. (Note: this amount [...]

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From the Archives: Having Negative Taxable Income Doesn’t Mean the Government Pays You Extra

By | June 1st, 2017|Categories: Potpourri of Tax Topics|Tags: , , |

The tax brackets stop at $0 of taxable income — having taxable income below $0 doesn’t mean your tax liability is a negative number or that the government “pays you more money.”

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