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 2015. The...
A federal district court has concluded that two buildings designed to be retail stores had been placed in service when the buildings were substantially complete, even though they were not yet open to ...
The IRS recently announced that it will continue its offshore voluntary disclosure program (OVDP) for an indefinite period until otherwise announced. Since the program's inception, there have bee...
The IRS has issued a proposed revenue procedure to clarify questions from employers regarding what information must be provided in an employee's consent to a refund claim made under Code Sec. 6402 for...
The IRS has announced that it will disallow claims for refunds of Federal Insurance Contributions Act (FICA) taxes paid with respect to most severance payments and will take no further actio...
The IRS recently issued the maximum fair market value (FMV) amounts that designate the proper valuation rule for employers calculating fringe benefit income from employer-provided automobiles, trucks,...
Taxpayers must obtain the IRS’s consent to change any of their accounting methods under Code Sec. 446(e). The IRS has updated and made changes to its revenue procedures for obtaining IRS consent...
Treasury and the IRS have issued proposed regulations on the research tax credit with respect to computer software developed for internal use. The proposed regulations define "internal use softwa...
At the end of 2014, Congress passed the Tax Increase Prevention Act of 2014 (2014 Tax Prevention Act) (P.L. 113-295), which extended numerous provisions for the 2014 tax year. One of these extensions ...
National Taxpayer Advocate (NTA) Nina Olson has released her 2014 Annual Report to Congress and cautioned that due to budget cuts, the IRS’s customer service has reached unacceptably low levels ...
The Iowa Department of Revenue has adopted a regulation amendment that removes the requirement that the department mail a preaddressed estimated tax form to all resident taxpayers who filed an estimat...
Latta, Harris, Hanon & Penningroth, L.L.P. Changes its Name, Redesigns Logo
Latta, Harris, Hanon & Penningroth, L.L.P. formally announces a change in the firm’s name to LattaHarris, LLP, effective January 1, 2015. The Firm has been informally referred to as such since its inception and is well recognized as LattaHarris throughout its professional and local communities. The Firm was formed in 1981, in Washington, Iowa. Since that time the Firm has expanded and now includes a staff of approximately eighty people with offices in Cedar Rapids, Durant, Grundy Center, Iowa City, Kalona, Sigourney, Tama, Tipton and Washington. LattaHarris offers a wide range of professional services to closely-held business and individual clients throughout the Midwest. These services include auditing, accounting and bookkeeping, consulting, business valuations, tax planning and compliance services, succession planning and more. LattaHarris managing partner Mark Penningroth comments “With the revitalization of our name and brand, we are continuing to expand the depth and breadth of our service areas. Our focus will continue to be the success of our clients. The updated name coupled with the new logo has been developed to reflect this effort.”
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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