“The Good Life” is becoming more attractive to Nebraska retirees. The Nebraska legislature has recently approved limiting Social Security and military retirement taxation for Nebraska purposes for tax years beginning January 1, 2015. Iowa has had similar tax breaks for several years, and now Nebraska is becoming more competitive.
States often offer senior citizens, veterans and disabled taxpayers various tax savings opportunities. Nebraska tries to make home ownership more affordable for these…
URGENT NOTICE: Taxpayer’s are receiving phone calls from various phone numbers posing as agents of the IRS.
The Final Capitalization Regulations included several safe harbors that provide some much needed relief from the originally proposed regulations. Three of the safe harbors are outlined below
Most taxpayers know that the IRS requires you to file a gift tax return if you gift too much to an individual in a calendar year, but did you know that you can pay any amount of any individual’s educational expenses and/or medical expenses without any tax consequence?
On May 26, 2014, Iowa Governor Branstad signed into law a provision for the exclusion of military retirement benefits from Iowa individual income tax. The change will be effective for the tax year beginning January 1, 2014.
Separation, also know as segregation, of duties is an accounting concept of having more than one person required to complete a task. It is an important step to improve the internal control of a business’s assets.