Carbon tax going, but don’t expect big savings

The carbon tax will be repealed within days after a breakthrough in talks between the government and cross bench senators who were concerned at what they believed were draconian provisions in the repeal bill. An amended bill will be presented to the Senate ...

Reporting Farm Income (Portfolio 608)

McEowen, Esq., Associate Professor of Agricultural Law at Iowa State University, describes the tax accounting periods and methods available to farmers and ranchers in determining their federal tax liability. Farmers, like other taxpayers, can use the ...

Section 482 Allocations: Judicial Decisions and IRS Practice (Portfolio 553)

Lepard of the University of Nebraska College of Law, examines judicial decisions ... which covers every federal tax topic with expert, in-depth analysis, and offer commentary on a wide range of federal taxation topics, including Compensation Planning ...

Msgr. Lafferty awards millions in tuition assistance

Tom Vilsack signed the Educational Opportunities Act. The legislation allowed private schools to establish STOs that provide huge tax advantages to donors. Iowa taxpayers with a tax liability may receive a 65 percent tax credit on their gift to an STO ...

Gas Tax And Mileage Tax Proposed To Solve The Highway Trust Fund Fiscal Cliff

In general, the idea for a new gas tax is unpopular because of the looking 2014 mid-term elections. As such, Congress is also considering a six month temporary extension that would give money to the Highway Trust Fund from other sources. Iowa Gov.

Iowa wind projects get incentives, provide financial benefits

A 20-year federal tax credit was worth about $2 billion for all U.S. wind projects in 2013, according to Bloomberg BusinessWeek. The credit expired Dec. 31, but projects started by that time are eligible for up to 10 years. Iowa offers wind energy ...

Mayor’s Budget Proposal For 2014-2016 Adds City Jobs

Lincoln’s property tax levy is the fourth lowest of the fifteen largest cities in Nebraska. Also, the property tax levy has declined 38.5 percent since 1993 in Lincoln and the city receives only 15.6 percent of the total property tax dollar. The Mayor ...

Platte County considering lodging tax

COLUMBUS — Officials in eastern Nebraska's Platte County are mulling a request to collect a lodging tax for a fund that would go to improve local attractions. The Platte County Board of Supervisors will hold a public hearing Tuesday at the Platte County ...

Divorcing? The Right Way to Split Retirement Plans

If you specified that your IRA division is to be treated as a transfer incident to divorce in your agreement, no tax will be assessed on the separation transaction. The movement of funds may be classified as either a transfer or a rollover by the IRA ...

In the Republican lion’s den, King’s words don’t catch wind

just two days before the summit, railing against the wind-energy tax credit and urging Camp to stand firm against "special interests in the wind industry." King and the rest of the Iowa congressional delegation say renewal of the wind credit, which expired ...