The page has been turned on a challenging year and we all have learned to do things differently. Tax preparation time will be different as well. Until…… Read more “Covid-19 Guidelines”
Author: Administrator
Revised due dates
Due to Coronavirus, the deadlines for filing many income tax returns has been postponed. This chart lists the new due dates for filing and paying taxes that…… Read more “Revised due dates”
Another round of ‘extenders’
2018 & 2019 see another round of expired tax provisions brought back from the dead.
Employer instructions for new W-4
Employers may need to use two different systems to calculate federal withholding beginning in 2020. The new system is required for new hires after 12/31/2019.
Iowa tax changes
We’ve gotten quite a few questions about Iowa tax law changes in 2019. With the accumulation of non-conformity with federal tax law since 2014, Iowa taxes in…… Read more “Iowa tax changes”
New withholding forms in 2020
IRS has released a draft version of the W-4 form employees give to their employers to determine their federal income tax withholding. The new version will be…… Read more “New withholding forms in 2020”
IRS Extends Farmer Deadline
Farmers have been particularly affected by complexities in the new tax law. Due to this, the IRS announced today, February 28, qualifying farmers may file their returns…… Read more “IRS Extends Farmer Deadline”
Three buckets for cooperative sales
As if all of the changes in the federal tax code (and the noncompliance by Iowa) in 2018 weren’t enough, we find the situation further complicated for…… Read more “Three buckets for cooperative sales”
Underpayment penalty relaxed
IR-2019-03, January 16, 2019 WASHINGTON — The Internal Revenue Service announced today that it is waiving the estimated tax penalty for many taxpayers whose 2018 federal income…… Read more “Underpayment penalty relaxed”
When will tax season start?
With much of this website devoted to the major changes in the Federal tax code, one may wonder how their own taxes will fare. As of this…… Read more “When will tax season start?”