Taxpayers who don’t itemize will benefit from an enhanced standard deduction if they have real estate taxes paid or sales tax paid on the purchase of a new vehicle. However, this enhancement does require a new piece of paperwork, Schedule L, to figure your standard deduction. It walks you through a series of questions to [...]
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 [...]
Yes I did. I’m a CPA who just launched a blog on the eve of tax season. I apologize in advance if this site gets sorely neglected over the next few months, but I already paid for the domain name, the blog install was a snap, and I might as well get a jump on [...]
