Category Archives: Iowa

A Structured Result

A building needs a sound structure to survive. In the world of tax, structuring is something to be avoided. A used car dealer in Waterloo, Iowa has learned that. The IRS learned of alleged structuring of deposits for Century Finance, … Continue reading

Posted in Iowa, Tax Evasion | 1 Comment

I Spilled my Coffee Thanks to Joe Kristan

This morning, Joe Kristan posted about an Iowa couple who had a unique method of preparing tax returns. I made the mistake of reading the actual court decision while drinking my morning coffee: According to [the defendants], if you believe … Continue reading

Posted in Iowa, IRS, Tax Preparation | Comments Off on I Spilled my Coffee Thanks to Joe Kristan

Hawaii Likely to Increase Film Credits; What Could Go Wrong?

Do you like Hawaii Five-0? No matter, it’s very likely you will see far more films and television productions made in Hawaii in the near future. The legislature in Hawaii is considering increasing the film credit rate from 15% to … Continue reading

Posted in Hawaii, Iowa | Comments Off on Hawaii Likely to Increase Film Credits; What Could Go Wrong?

Not All Publicity Is Good Publicity

There’s an old saying, “All publicity is good publicity.” Sometimes, though, it’s not. Especially if you’re a Bozo. Take Scott Mitchell, the owner of Central Iowa Amusements. Mr. Mitchell’s company got some good words in the Des Moines Register; his … Continue reading

Posted in Iowa, Tax Evasion | Tagged | Comments Off on Not All Publicity Is Good Publicity

Why Is Iowa Looking at Allowing Major Poker Tournaments?

Iowa House Majority Leader Kevin McCarthy (D-Des Moines) is proposing legislation to allow large poker tournaments in ballrooms at the state’s 17 licensed casinos. Given my vocation and avocation I’m always happy to see an expansion of poker in the … Continue reading

Posted in Gambling, Iowa | 1 Comment

Iowa Flooding

The floods in Iowa have hit the tax blogging community. Joe Kristan, the blogger at Roth Tax Updates, and all of downtown Des Moines were evacuated Friday afternoon because of the floods. The American Red Cross is one good place … Continue reading

Posted in Iowa | Comments Off on Iowa Flooding

The Pumpkin Tax Is No More

Food and food ingredients are defined as substances that are sold for ingestion or chewing by humans and are consumed for their taste or nutritional value. So reads the Iowa Department of Revenue’s policy on what is food. Why is … Continue reading

Posted in Iowa | Comments Off on The Pumpkin Tax Is No More

Increase Casino Tax Rates Or Increase Casinos?

That was the decision Iowa was faced with after the Iowa Supreme Court ruled that tax rates at race track (horse racing) casinos were unconstitutional in 2004. Today, Iowa is in the midst of a casino building boom, with four … Continue reading

Posted in Gambling, Iowa | Comments Off on Increase Casino Tax Rates Or Increase Casinos?