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 ...

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 ...

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 ...

Ruling is victory for solar energy

Though solar still lags behind wind energy in Iowa, decreases in costs for solar equipment combined with tax credits are creating a ripe environment for growth, the report said. The ruling will help tip the scales for solar by legalizing another way for ...

Le Mars budget outlook worrisome

LE MARS -- One Le Mars City Council member is particularly concerned with the mounting pressures forecast to strain the city's budget during the next decade. With changes to Iowa's property tax laws under the state's tax relief package, SF 295, Le Mars may ...

Polk County looks into mental health crisis center

The center would focus on people that have mental health issues but don’t need hospitalization and shouldn’t be taken to jail. They would be helped for up to 23 hours. The Des Moines Register reports (http://dmreg.co/1enqpB2 ) The county ...

FD city property tax rate going down

Also included are taxes for the Fort Dodge Community School District, Webster County and Iowa Central Community College. The city tax rate consists of these elements: - $8.10 for the general fund, which pays for police and fire protection, parks and ...