Jason Dinesen

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So far Jason Dinesen has created 709 blog entries.

Are Unemployment Benefits Taxable?

By | February 3rd, 2017|Categories: Potpourri of Tax Topics|Tags: |

The short answer to this question is: yes. Unemployment benefits are reported to the recipient on a Form 1099-G, and the benefits are taxable. There was a year or two, several years ago, where the federal government allowed people to exclude a certain amount of unemployment benefits from taxation, but that provision expired. In Iowa, unemployment [...]

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DIY Disasters: College Kids, Their Parents and the American Opportunity Credit

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

What to do when your college-aged child files a tax return and claims tuition credits you were entitled to on your own return.

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Getting Your Business Off to a Good Start, Part 5: Independent Contractor vs. Employee

By | January 30th, 2017|Categories: Small Business Tax and Accounting|Tags: , |

This is an excerpt from a presentation I give to entrepreneurs who are trying to get businesses off the ground. ----- One of the biggest areas of discussion when I give this presentation is over the subject of employees vs. independent contractors. Let’s define some terms first: this discussion is about people you pay for work [...]

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Are Discounts Given to a Not-for-Profit Deductible?

By | January 26th, 2017|Categories: Small Business Tax and Accounting|Tags: , |

The short answer is, there's really no special documentation you need, because it's technically not a charitable deduction.

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Glossary: Partnership

By | January 24th, 2017|Categories: Glossary|Tags: , , |

A partnership is a business with two or more owners who conduct business and are not incorporated.

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