Clik here to view.
Recipient of $9 million in film tax credits convicted of looting Iowa treasury
The biggest beneficiary of Iowa’s film tax credit boondoggle is in for more Iowa hospitality than he hoped for. Dennis Brouse faces up to 10 years in prison after a Polk County jury convicted him...
View ArticleClik here to view.
Is there life after tax credits?
Is it possible to start a business without government subsidies? To listen to lawmakers voting more corporate welfare, you’d think not, but the maker of the “Iowa Nice” video may be showing otherwise....
View ArticleClik here to view.
Last film credit trial slated to begin today
The trial of CPA/film tax credit broker Chad Witter is set to start today in Polk County district court. Mr. Witter is the last defendant scheduled for trial in the scandal arising out of Iowa’s...
View ArticleClik here to view.
Tax Roundup, 7/24/2012: Why should death be simple? Film trial starts; did...
Because why would they do something simple and sensible? Tax Analysts reports ($link): Practitioners should not expect a simplified estate tax return for electing portability, said James Hogan, branch...
View ArticleClik here to view.
Witter acquitted of charges arising out of the Iowa film credit
A Polk County jury yesterday acquitted Bettendorf accountant Chad Witter of all charges arising out of his involvement with the defunct Iowa film tax credit. The Sioux City Journal reports: Witter,...
View ArticleClik here to view.
Tax Roundup, 8/10/12: Herbert Hoover birthday edition!
Herbert Hoover was born 138 years ago in West Branch, Iowa. They haven’t elected another Iowan as President since for some reason. Arnold Kling ponders the Hoover presidency: Price V. Fishback and...
View ArticleClik here to view.
Tax Roundup, 11/2/2012: Iowa’s new approach to filmmakers affirmed. And more...
Promotional image for “The Scientist,” one of the projects of convicted film tax credit recipient Wendy Weiner Runge. Jailing them instead of bribing them. Iowa has drastically altered its approach to...
View ArticleClik here to view.
Tax Roundup, 12/5/2012: Happy Repeal Day! Too bad it’s not the tax code.
Happy National Repeal Day! Either we cut spending or everyone will pay more taxes. This post by Veronique de Rugy puts together in one handy package some points I have been trying to drive home...
View ArticleClik here to view.
Tax Roundup, February 25, 2013: And the award for the dumbest economic...
Field of bad dreams. TheFiscalTimes.com says Iowa is the ninth worst state for taxes: The Hawkeye State gets a black eye for being the second worst state for corporate taxes, with a 12 percent rate....
View ArticleClik here to view.
Tax Roundup, 3/26/2013: Snatching defeat from the jaws of preparer-regulation...
Film tax credit scams are big news in the U.K. right now. An Irish actress, Aoife Madden, yesterday received a 54-month sentence in her role in scamming a U.K. film tax credit scheme. Irish Times...
View ArticleClik here to view.
Tax Update, 10/8/13: One week left! What to do if the K-1 never comes. And:...
Extended 1040s are due one week from today. There is no second extension available. I know, the timing might not be good. But if it hasn’t been good enough to get your tax information together since...
View ArticleClik here to view.
Tax Roundup, 12/30/2013: Paying for those last-minute write-offs. And: Harold...
How to pay for those last-minute deductions. We’re down to the wire, kids. 2013 ends in less than 48 hours, so if you are going to claim some last-minute deductions, get busy! Some things to keep...
View ArticleClik here to view.
Tax Roundup, 1/22/14: Let’s pay it for Hollywood! And: choosing a preparer.
Taking your money and giving it to Hollywood. Oscar Nominees Cash In On State Tax Subsidies (Howard Gleckman, TaxVox): Each of the nine movies nominated for this year’s Oscar for best film may already...
View ArticleClik here to view.
Tax Roundup, 1/23/2014: Ideas edition. And: why are we taxing pot?
Bad idea. Refundable tax credits are the favorite kind of credit for tax fraudsters because they generate tax refunds even when there is no tax paid or withheld. The earned income tax credit is...
View ArticleClik here to view.
Tax Roundup, 2/24/14: WSJ highlights tax season ID theft. And: Shock! Film...
The “Chromaro” purchased with ID-theft frauds by a Florida thief. The Wall Street Journal covers identity theft today: “Identity Theft Triggers a Surge in Tax Fraud” It seems to be designed to tell...
View ArticleClik here to view.
Tax Roundup, 4/7/14: Where’s my K-1? And why you should e-file that extension.
The deadline for 2013 1040s is a week from tomorrow, so we may as well start our annual Filing Season Tips feature. Many folks arrive here with a search engine query that goes something like “why...
View ArticleClik here to view.
Tax Roundup, 1/5/15: Early year-end planning edition. And: too cold for a...
Accounting Today “In the Blogs” visitors: the tax and AMT article is here. You may also be interested in these thoughts on when prepaying tax is unwise, even without AMT. Now that you’re done with...
View ArticleClik here to view.
Tax Roundup, 1/11/2016: Hide the spoons, hold your wallets. The General...
If Iowa’s income tax were a car, it would look like this. Same recipe, same dish. The 2016 session of the 86th General Assembly of Iowa convenes today. As the membership is about the same as last...
View ArticleClik here to view.
Tax Roundup, 5/25/16: The U.K. kens what Iowa figured out in 2009 about film...
A spring day in Scotland I ken that. Last year I got lost looking for a friend’s house in rural Scotland. I stopped my car by a man walking his dog and asked if he knew where my friend lived. He...
View ArticleClik here to view.
Tax Roundup, 8/26/16: Excessive taxpayer wariness, broken IRS collections...
Acccounting Today newsletter readers: click here to go to the post about corporate rates. Field day. Today is the office outing, so it’s links-only so I can go participate in the annual feats of...
View Article
