Blog

/Blog/

Good Income vs. Bad Income

By | November 7th, 2018|Categories: Small Business Tax and Accounting|Tags: , |

Business owners may be surprised to learn that there is such a thing as "bad income." There is also such a thing as good expenses.

Comments Off on Good Income vs. Bad Income

Who Claims the Iowa Tuition & Textbook Credit for Dependent Children?

By | October 31st, 2018|Categories: State Taxes|Tags: , , , |

Image courtesy of Pixabay.com Iowa allows a tax credit of up to $250 for K-12 school-related expenses such as tuition, textbook purchases, and other school-related fees. The credit is 25% of up to $1,000 of expenses per child, so $250 per child is the maximum credit. Who claims the credit in cases of divorce [...]

Comments Off on Who Claims the Iowa Tuition & Textbook Credit for Dependent Children?

What is the Iowa School District/EMS Surtax?

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

This is an optional additional tax, assessed by school districts and (some) county EMS agencies, and collected on Iowa tax returns.

Comments Off on What is the Iowa School District/EMS Surtax?

Glossary: Form 1099-B

By | October 17th, 2018|Categories: Glossary|Tags: , , , , |

Form 1099-B is a reporting form, in the 1099 series, used primarily to report the sale of stocks by a taxpayer.

Comments Off on Glossary: Form 1099-B

I Don’t Like Calling Myself a “Tax Expert” Anymore

By | October 10th, 2018|Categories: Editorial Commentary|Tags: |

I HATE being called a tax expert.

Comments Off on I Don’t Like Calling Myself a “Tax Expert” Anymore