Jason Dinesen

/Jason Dinesen

About Jason Dinesen

This author has not yet filled in any details.
So far Jason Dinesen has created 734 blog entries.

Do I Prorate Income from a Fiscal Year K-1?

By | March 31st, 2017|Categories: Potpourri of Tax Topics|Tags: , |

Question from a web visitor: do I prorate income from a fiscal year K-1? Short answer: NO.

Comments Off on Do I Prorate Income from a Fiscal Year K-1?

Glossary: Lifetime Learning Credit

By | March 29th, 2017|Categories: Glossary|Tags: , , , |

The Lifetime Learning Credit is a tax credit available for taxpayers who pay college expenses. This credit is similar to the American Opportunity Credit, but there are some key difference

Comments Off on Glossary: Lifetime Learning Credit

Iowa Tuition and Textbook Credit: Dealing with Private School Expenses

By | March 27th, 2017|Categories: State Taxes|Tags: , |

Iowa offers a tax credit called the "tuition and textbook credit" for expenses relating to dependents who are in grades K-12. What about if you send your kids to a private school that teaches religious doctrines?

Comments Off on Iowa Tuition and Textbook Credit: Dealing with Private School Expenses

The 4 Choices a Small Business Owner Has When Their Business is No Longer a Side Business

By | March 23rd, 2017|Categories: Editorial Commentary, Small Business Tax and Accounting|Tags: , , , |

Many of the business clients I work with are either side businesses, or side businesses that are turning into "real" businesses. I've written before about the struggle of taking a side business and turning it into something more. Today, I'm going to write about the choices a business owner has with their side business when they [...]

Comments Off on The 4 Choices a Small Business Owner Has When Their Business is No Longer a Side Business

Allocating Estimated Payments for Taxable Refund Calculations

By | March 21st, 2017|Categories: Potpourri of Tax Topics|Tags: , |

When a taxpayer receives a refund of state income taxes, and the taxpayer took a deduction on their federal tax return, and some of the payments made to the state were estimated payments that may have been made in a different calendar year ... well, it can require some math to determine the taxable refund and the deductible portion of the estimated payment.

Comments Off on Allocating Estimated Payments for Taxable Refund Calculations