Accounting and Tax Services for Small Businesses and Individuals in the Des Moines, Iowa Area and Beyond

Are Unemployment Benefits Taxable?

The short answer to this question is: yes. Unemployment benefits are reported to the recipient on a Form 1099-G, and the benefits are taxable. There was a year or two, several years ago, where the federal government allowed people to exclude a certain amount of unemployment benefits from taxation, but that provision expired. In Iowa, unemployment benefits are also taxable [...]

The Dinesen Tax Times

Glossary: Lifetime Learning Credit

March 29th, 2017|0 Comments

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

Iowa Tuition and Textbook Credit: Dealing with Private School Expenses

March 27th, 2017|0 Comments

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?

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

March 23rd, 2017|0 Comments

Many of the business clients I work with are [...]

Small Business

305, 2016

You Can Afford Employees But Not an Accountant?

Things business owners have actually said to me: "I hired employees but can't afford an accountant."

1203, 2015

Why Do Unethical Clients Bother Working With Tax and Accounting Pros?

I'm always confused when an unethical client bothers seeking out the help of a licensed professional.

State Taxes

2703, 2017

Iowa Tuition and Textbook Credit: Dealing with Private School Expenses

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?

903, 2017

Can a Non-Resident of Iowa Take the Deduction for Health Insurance Premiums?

Can a non-resident take the deduction for health insurance premiums on their non-resident Iowa tax return? Yes.