Most of the time, people are pleased to accept an inheritance. However, there are many reasons to not want the inheritance. For example, in small estates, you may receive a home that comes subject to a mortgage, and you...more
5/8/2013
- Disclaimers Inheritance
We expected it would happen, and now the time has come. The IRS has sent out furlough notices to the entire IRS workforce notifying employees that the IRS will shut down completely on the following days: May 24, June 14, July...more
4/29/2013
- Furloughs IRS
The April 15th deadline for federal individual income tax returns is less than a week away, meaning lots of people who haven't filed yet are scrambling to finish (or file for an extension). Rushing to get the return filed can...more
4/10/2013
- Income Taxes IRS Tax Returns
Unfortunately there is not a sci-fi theme video to spread the word on the Dirty Dozen (though there is a short YouTube video on the topic). Here are the most common tax scams the IRS wants you to be aware of during tax...more
3/29/2013
- Fraud Identity Theft IRS Offshore Funds Phishing Scams Scams
The IRS estimates 984,000 taxpayers who did not file a federal income tax return in 2009 have a tax refund waiting for them. Of those, approximately 9,800 are Iowans with combined refunds of almost $8,000. If you think you...more
3/19/2013
- Earned Income Tax Tax Credits Tax Refunds W-2
When most people think of estate planning, they think of drafting a will or trust to say what happens to property after death. Arguably more important is what happens when you are alive but unable to make decisions following...more
2/27/2013
- Estate Planning Power of Attorney
A few weeks ago, legislation was proposed in Nebraska that would allow a personal representative of a dead person to control his or her social media, including emails, blogs, and sites such as Facebook or Twitter....more
2/11/2013
- Digital Assets Passwords Social Media
Your marital status for tax purposes is determined as of December 31. That means if you get married on New Year's Eve, you are considered married for the entire year and can file as a married couple....more
12/21/2012
- Divorce Marital Status Year-End Tax Planning
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
12/6/2012
- Charitable Donations
It is that time of year when employers consider giving gifts to their employees. We often assume gifts have no tax consequences; however, that is not always the case. When an employer gives its employees holiday gifts or...more
11/30/2012
- Bonuses Holidays Payroll Taxes
