For landowners that have qualified tenants, the benefits of the beginning farmer tax credit can be huge. Both Iowa and Nebraska have significant beginning farmer tax credits that can serve to offset your state income taxes. The Iowa beginning farmer tax credit is calculated as 5% of cash rents or 15% of gross revenue from [...]
Expecting an income tax refund? You can find your IRS refund here. Have your social security number, filing status, and refund amount ready. You can find your Nebraska refund here. Have your social security number and refund amount ready. You can find your Iowa refund here. Have the tax year, social security number, and refund [...]
The Des Moines Register has a nice summary on the activity that the state government has taken, will likely examine, and also notable items that are pretty much dead in the water. A few items that have cleared the hurdle into approved territory are the Taxpayers First Act that reduces funding for university sabbaticals and [...]
I have recently become aware of the secondary market in Iowa Housing Enterprise Zone Credits that could save taxpayers with heavy Iowa tax bills lots of money. It appears that they are legally transferable; however, as with any good thing from the government, there are some hoops to jump through. Here I have listed the requirements [...]
A report from the Straights Times indicates that President Obama has signed the relief for Haiti tax bill into law. While it was anticipated that he would sign it (making this not a great newsworthy event for my new blog), it’s nice to finally have this latest twist in the 2009 tax season settled and [...]
