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Iowa Tax Reform Bill Updates

Dear Friends, On May 5, 2018, the Iowa Tax Reform Bill was passed by the Iowa House and Senate and Governor Kim Reynolds signed the bill into law on May 30th. This bill contains tax law changes that begin to impact the 2018 tax year and continue to change the tax law up to 2023, depending… Read More »

New Rules for Purchasing or Improving Property

[By Michelle Thornburg, Koski Professional Group, P.C., 2014 | Keywords: Business, Tax] The IRS has issued new capitalization regulations for the tax treatment of amounts paid to acquire, produce, or improve tangible property. The regulations must be followed for tax years that begin after December 31, 2013. The regulations are lengthy and complex. The summary… Read More »

New Rules for Purchasing or Improving Property

[Author: Michelle Thornburg, Koski Professional Group, P.C., 2014 | Keywords: Business, Operations, Tax] The IRS has issued new capitalization regulations for the tax treatment of amounts paid to acquire, produce, or improve tangible property. The regulations must be followed for tax years that begin after December 31, 2013. The regulations are lengthy and complex. The summary below… Read More »