Tax Refunds

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Allocating Estimated Payments for Taxable Refund Calculations

By | March 21st, 2017|Categories: Potpourri of Tax Topics|Tags: , |

When a taxpayer receives a refund of state income taxes, and the taxpayer took a deduction on their federal tax return, and some of the payments made to the state were estimated payments that may have been made in a different calendar year ... well, it can require some math to determine the taxable refund and the deductible portion of the estimated payment.

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Same-sex Marriage and Paycheck Withholdings – An Unpleasant Surprise on 2014 Tax Returns

By | June 18th, 2015|Categories: Potpourri of Tax Topics|Tags: , , |

Some people in same-sex marriages received an unpleasant surprise on their 2014 tax returns, because of changes in paycheck withholdings.

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Sorry, But There Really Isn’t a “Gray Area” for Most Taxpayers to Push

By | January 7th, 2015|Categories: Editorial Commentary|Tags: , |

For the average taxpayer, there are few if any gray areas to push on a tax return.

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How Non-Residents or Part-Year Residents Report Federal Refunds on Iowa Tax Returns

By | October 27th, 2014|Categories: State Taxes|Tags: , |

How non-residents or part-year residents report federal refunds on their Iowa tax return.

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Tax Refunds and “Not Owing Tax”, Part 2

By | May 6th, 2014|Categories: Potpourri of Tax Topics|Tags: |

In Part 2 of this series, I want to explain more about the tax calculation and how getting a tax refund doesn’t necessarily mean you “didn’t owe taxes.” In Part 1, I explained the tax calculation: This is highly simplified but I think it covers the basics well enough. Here’s how the tax calculation works: Income [...]

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