The Educator Expense Deduction is an above-the-line deduction available to those employed as K through 12 educators. Deducting these out-of-pocket expenses can reduce your Federal and State…… Read more “Educator Expense Deduction”
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Non-Iowa beneficiaries, partners & owners
Composite returns and agreements are not required if the entity is a qualifying S-Corporation or partnership and elects to pay the Pass-Though Entity Tax (PTET). Trusts and…… Read more “Non-Iowa beneficiaries, partners & owners”
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”
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”
Should I sell grain only to co-ops?
There’s been a suggestion that the 2018 tax bill gives a great advantage to farmers selling grain to cooperatives. This relates to the new Sec. 199A deduction,…… Read more “Should I sell grain only to co-ops?”
The wonderful world of taxation
Do you have a question about taxes you’ve always wanted answered, but were too afraid to ask? This is your opportunity to ask a question, share an…… Read more “The wonderful world of taxation”