Potpourri of Tax Topics

/Potpourri of Tax Topics

Can You Get a Refund if You Pay Nothing In?

By | November 11th, 2016|Categories: Potpourri of Tax Topics, Small Business Tax and Accounting|Tags: , , |

Answer: this discussion goes beyond sole proprietors, and the short answer is "maybe."

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Can a College Professor Deduct the Cost of Materials for “General Knowledge”?

By | September 26th, 2016|Categories: Potpourri of Tax Topics|Tags: , |

Image courtesy of Pixabay.com College professors may be entitled to certain deductions on their tax returns for classroom books and supplies, and books and other materials which further their academic research. But what about maintaining books and other materials for “general knowledge”? A recent case before the U.S. Tax Court gives us the answer. Background A [...]

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Iowa Society of Enrolled Agents Upcoming Seminar

By | September 22nd, 2016|Categories: Potpourri of Tax Topics|Tags: |

The Iowa Society of Enrolled Agents is putting on its second annual fall seminar. Dates are Tuesday, October 25, and Wednesday, October 26, at the Drury Inn in West Des Moines. Here are the topics: Day 1 History of Marriage and Taxes -- I'll be presenting this topic, based on my research into the history of [...]

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New Rule for When Deductions Can Be Taken for Contributions to Iowa 529 Plans

By | September 20th, 2016|Categories: Potpourri of Tax Topics|Tags: , |

Iowa has changed a rule relating to when taxpayers can deduct contributions to College Savings Iowa (Iowa's Section 529 Plan).

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Basics of Moving Expenses, Part 3

By | September 2nd, 2016|Categories: Potpourri of Tax Topics|Tags: , , |

In this final part of this series I want to talk about what happens if a taxpayer took a deduction for moving expenses and then no longer meets the requirements for taking the deduction.

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