The IRS has released its list of 2015 inflation-adjusted tax amounts, based on recent CPI-U indices that have only recently been finalized. The Tax Code requires that federal income tax brackets an...
Lawmakers and the media recently have questioned the reach of the IRS's policy on asset forfeiture by taxpayers suspecting of structuring cash transactions. In response, the IRS indicated it would ...
Despite earning a profit for only five of the past 30 years, a married couple successfully persuaded the Tax Court that they engaged in horse racing and breeding activity for profit. The court foun...
The IRS recently issued a reminder that there is still time left for low- and moderate-income workers to save for retirement and earn a tax credit for 2014. Eligible taxpayers, including new colleg...
The IRS has determined that an individual retirement account (IRA) could acquire shares in a trust invested in gold and the acquisition would not be treated as a collectible. As a result, the amoun...
The IRS recently issued a long list of cost of living adjustments (COLAs) for various Tax Code provisions related to retirement savings. These COLAs are for the 2015 tax year and are dependent upon...
The IRS has issued final rules under Code Secs. 162 and 262 for when employees may deduct their expenses for local lodging that are required in their trade or business. The final regulations also p...
The IRS has released the simplified per diem rates that taxpayers can use to calculate reimbursements to employees for ordinary and necessary expenses incurred during business-related travel after ...
In a recently-released information letter to a taxpayer, the IRS outlined the rules for excluding the costs of van pooling, which is one type of qualified transportation fringe benefit. Code Sec. 1...
Tax refund fraud is a growing problem, 15 senators told the IRS in October. The senators urged the IRS to improve its oversight of refunds and reach out to victims of refund fraud and identity thef...
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116 West Main Street
Washington, IA 52353
Iowa City Office
2730 Naples Avenue SW Suite #101
Iowa City, IA 52240
1201 North Avenue
Tipton, IA 52772
Cedar Rapids Office
3037 Center Point Road NE
Cedar Rapids, IA 52402
Grundy Center Office
618 G Avenue
Grundy Center, IA 50638
124 West Third Street, PO Box 7
Tama, IA 52339