We only have 15 days until your federal individual tax return is due on April 15th. You have until April 30th to file your Iowa individual tax return. April 15th and April 30th are also the due dates for the first quarter estimated tax payments. If you don’t have everything you need to prepare and file your individual tax return, it is important to extend the federal return by April 15th. If any tax is due, it must be paid by April 15th. An extension of time to file your re

Tax scams are a big problem right now. We have talked about scammers pretending to be the IRS, but now they have gotten the state involved too. The following is from the Iowa Department of Revenue website: “The Iowa Department of Revenue has been made aware of a potential scam targeting Iowa taxpayers. The scam begins through an automated phone call, which shows on caller ID as being from 515-281-3114. That phone number is the Department’s general Taxpayer Services number; h

I have recently been asked some questions concerning the tax consequences of an inheritance of stock, certificate of deposits and savings accounts, and also life insurance proceeds. As a general rule an inheritance of stock, certificates of deposits and savings accounts is not subject to individual income tax. However any dividends or interest paid after death may be subject to income tax. Life insurance proceeds paid to an individual because of the death of the insured pers