What is Tax Cost Basis on Investments?

When a capital asset is sold in a taxable account, any gain is subject to taxable account, any gain is subject to taxation and must be reported on an individual's tax return. To figure whether you need to report a gain or a loss, you need to know the tax …

Should You Amend Your Tax Return?

You may have felt the dread of realizing you made a mistake on your recently filed tax return. The good news is the IRS allows you to correct your return for up to three years after your original return.

Where is My Iowa Tax Refund?

The Iowa Department of Revenue is serious about keeping your identity safe this year. Because of this effort, the review of Iowa income tax returns will take longer and your tax refund will come slower than in the past.

Think Outside the "Cash" Box for Charitable Contributions

Giving cash is certainly the easiest way to fund your charitable inclinations. But for just a little more effort you could make that charitable donation do more for you. Here are a couple of popular strategies.

Tax Tips for Those Getting Married

If you are planning to get married, or know someone taking the matrimonial plunge, here are some important tax tips every couple should know before they walk down the aisle.

3 Tax Planning Tips for Summer Jobs

Summer not only ushers in warmer weather, but it also means students are out of school and your son or daughter may be looking for a part time job. Here are a few tips and planning ideas to help save you time, money and taxes next filing season.

2017 Midyear Tax Planning Letter

We have just posted the 2017 Midyear Tax Planning Letter on our website. Here are headlines from the letter. To read any of these articles, click the title or the link below.
Here are the headlines from the 2017 Midyear Tax Planning Letter. To read any of these articles… 2017 Midyear Tax Planning Letter

A Marriage Penalty Lingers In The Tax Code

In our June newsletter, I gave some tips on updates that might need to be made when you get back from the honeymoon. this month, we focus on the impact of the marriage penalty.

No More College Tuition Tax Deduction - What is Left?

Unfortunately, Congress decided not to extend the $4,000 tuition and fees tax deduction for 2017, leaving many parents worried that college will now be more expensive. But it is not as bad as it sounds. That is because Congress left in place two popular e…

5 Tax-Loss Harvesting Tips

Though the markets have risen significantly this year, your investment portfolio may have a few lemons in it. By using the tax strategy of tax-loss harvesting, you may be able to turn those lemons into lemonade.
loss harvesting part your annual tax planning strategy. Remember