This week we wanted to give you a quick reminder. It's that time of year for spring cleaning and that often means donating non-cash charitable contributions of household items and clothing. Be sure to maintain the proper documentation so you can claim a charitable contribution. When you make the donations, the charity should give you a receipt with their name and the date of the donation along with a general description of what was donated. You should keep this receipt for y

We only have a few days until your federal individual tax return is due on April 18th. Yes, April 18th is correct because April 15th is Emancipation Day, which is a holiday in Washington DC. You have until May 2nd to file your Iowa individual tax return. April 18th and May 2nd 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

The IRS has finally released the inflation-adjusted depreciation limits for business autos, light trucks and vans placed in service by the taxpayer in 2016. There are four sets of dollar limits. Two are for passenger autos (that are not trucks or vans and are subject to the luxury-auto limits and are rated at 6,000 pounds unloaded gross vehicle weight or less). One of these applies to autos for which the bonus depreciation rules don't apply. The other set of limits applies to