In the final day of the 2020 session, the Iowa legislature passed a bill that enacted several changes to Iowa tax laws. This post addresses several miscellaneous changes made to the tax laws that are effective immediately....more
Last week the IRS announced a special tax option for contributions to taxpayers who make cash contributions to certain charitable organizations. The Slain Officer Family Support Act of 2015 applies to taxpayers making...more
For some, the end of the calendar year means more than just the deadline for charitable contributions for the tax year. December 31 is also the deadline to take certain mandatory distributions from individual retirement...more
As the holidays approach and the end of the year draws near, the IRS has again released its list of tips for giving to charity. Of course, these rules apply to obtaining a legitimate tax-deduction for the donation. If that is...more
As the end of the year approaches and we are in the holiday season, now is the time to think of charitable contributions if you are hoping to reduce your tax liability for 2012. (Of course we encourage charitable giving all...more