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

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

It's a holiday week, so I'm re-publishing popular blog posts from the past. Just like Monday's "From the Archives," this one from last September is about college professors and their work-related expenses. ----- Originally published September 26, 2016 Image courtesy of College professors may be entitled to certain deductions on their tax returns for classroom books and supplies, and [...]

The Dinesen Tax Times

What Tax Benefits Does Form 8332 Give?

December 13th, 2017|0 Comments

With a Form 8332, the non-custodial parent can claim the dependency exemption for the child and also claim the child tax credit.

Revisiting a History of Marriage in the Tax Code, Part 10

December 6th, 2017|0 Comments

The tax oddity that we now call the “marriage penalty” came about in 1971. Let’s look at some examples.

From the Archives: Filing Separately on Your Iowa Return? Don’t Forget to Allocate Deductions

November 23rd, 2017|Comments Off on From the Archives: Filing Separately on Your Iowa Return? Don’t Forget to Allocate Deductions

In Iowa, if you file as married filing separately, you must allocate itemized deductions based on income ratios.

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

1511, 2017

Basics of the Iowa Pension Exclusion, Part 1

Iowa allows taxpayers to exclude some or all of their retirement income under certain circumstances. Here are the basics of how the Iowa pension exclusion works.

111, 2017

Deducting Long-Term Care Premiums on an Iowa Tax Return

Long-term care premiums are deductible in full on the Iowa tax return, NOT subject to the federal limitations.