The IRS has released the inflation-adjusted limitations on depreciation deductions for business-use passenger automobiles, light trucks, and vans first placed in service during calendar year 2014. ...
The Tax Court has upheld the IRS's disallowance of a rental real estate loss due to the passive activity loss rules in Oderio, TC Memo. 2014-39. A married taxpayer, who filed separately, claimed th...
The IRS and Health and Human Services (HHS) have clarified that the requirements for same-sex couples claiming the Affordable Care Act's premium assistance tax credit under Code Sec. 36 are the sam...
The IRS has announced that the rates at which interest accrues on overpayments and underpayments of tax for the calendar quarter beginning April 1, 2014, will remain unchanged from the previous cal...
The Congressional Research Service (CRS) recently conducted a review of who claims itemized deductions and what amount of revenue the federal government loses as a result. The report broke down its...
Because of the federal government's 16-day shutdown in October 2013, the IRS delayed the start of the 2014 filing season by 10 days until January 31, 2014. Since then, the IRS has reported that on ...
The IRS has released final 2013 Form 8960, Net Investment Income Tax-Individuals, Estates, and Trusts, just in time for the 2014 tax filing season. Many taxpayers have complained that calculating t...
The IRS issued proposed partnership regulations (NPRM REG-119305-11) that would tighten the requirements under Code Sec. 752 for allocating partnership liabilities to individual partners, and would...
The IRS Statistics of Income (SOI) Division has released statistics on 2011 Individual Income Tax ZIP Code and County Data, which is broken down by income categories within particular zip codes. Th...
The U.S. Department of Treasury has announced that U.S. and Canada have signed an intergovernmental agreement (IGA) to implement the Foreign Account Tax Compliance Act (FATCA). The U.S.–Canad...
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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
Tama, IA 52339