Blog

/Blog/

Iowa Taxes and Married Filing Separately: Wrapup Post

By | June 20th, 2018|Categories: State Taxes|Tags: , , |

Over the last few months I've been posting excerpts from a presentation I give about the "married filing separately" filing status on Iowa tax returns. We've reached the end of this series, and the parts are scattered across multiple months, so I am pulling together each post, with links, below.

Iowa Taxes and Married Filing Separately: Issues 14 and 15: Itemized Deductions and Tax Credits

By | June 13th, 2018|Categories: State Taxes|Tags: , , , |

Iowa’s taxation of married couples has quirks that can throw a taxpayer or tax preparer for a loop. This post will cover allocation of itemized deductions, and allocation of tax credits, when couples file separately in Iowa.

Iowa Taxes and Married Filing Separately: Issue 13: Deduction for Federal Taxes

By | June 6th, 2018|Categories: State Taxes|Tags: , |

Iowa’s taxation of married couples has quirks that can throw a taxpayer or tax preparer for a loop. This post will focus on deducting federal tax payments on your Iowa tax return.

Comments Off on Iowa Taxes and Married Filing Separately: Issue 13: Deduction for Federal Taxes

From the Archives: Handling Franchise Fees on a Tax Return

By | May 30th, 2018|Categories: From the Archives|Tags: , |

It's a holiday week so I'm re-publishing popular blog posts from the past. This post from 2015 talks about dealing with franchise fees. ----- Originally published February 16, 2015 Scenario: client is a sole proprietor. They enter into a small ($5,000), 5-year franchise agreement. The client is paying the $5,000 over a 24-month period. The client [...]

Comments Off on From the Archives: Handling Franchise Fees on a Tax Return

Iowa Taxes and Married Filing Separately: Issues 11 & 12: Filing Requirements, Federal Tax Refunds

By | May 24th, 2018|Categories: State Taxes|Tags: , |

Iowa’s taxation of married couples has quirks that can throw a taxpayer or tax preparer for a loop. For example, Iowa has 3 different filing statuses a married couple can choose from, and most deduction items are allocated pro rata between spouses who file separately.

Comments Off on Iowa Taxes and Married Filing Separately: Issues 11 & 12: Filing Requirements, Federal Tax Refunds