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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.

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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 [...]

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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.

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Can I Deduct Cash Put Into the Collection Plate at Church?

By | May 22nd, 2018|Categories: Potpourri of Tax Topics|Tags: |

At first blush, the answer to the question posed in the title of this post would seem to be yes. Unfortunately, the answer is actually “no.”

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Iowa Taxes and Married Filing Separately, Issue 8, 9 & 10: Moving Expenses, Student Loan Interest, Deductions Relating to a Dependent

By | May 16th, 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 look at allocating moving expenses, student loan interest, and deductions relating to a dependent.

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