The Davis Brown Tax Law Blog provides clients with updates and analysis of tax law - including asset and stock purchase/sale transactions, public and private bond financing, tax credit financing and international tax law.

Tax Law Blog: Disclaiming an Inheritance - May 8, 2013

Though typically receiving an inheritance is a blessing, it can sometimes be a burden, sometimes because of taxes. Disclaiming the inheritance is an option. Read More »

 

Tax Law Blog: IRS Announces Furlough Days - April 26, 2013

We expected it would happen, and now the time has come. The IRS has sent out furlough notices, announcing 5 days this summer that the IRS will be completely shut down. Read More »

 

Tax Law Blog: Common Errors to Avoid in Tax Returns - April 10, 2013

The IRS has released a list of common errors to avoid as you prepare to file your tax returns. Read More »

 

Tax Law Blog: The IRS is Airing its Dirty Laundry - March 29, 2013

Every year, the IRS releases a "Dirty Dozen" list of scams taxpayers should be aware of. Here are a few of the scams you should be aware of as we end the 2012 tax season. Read More »

 

Tax Law Blog: Does the IRS Have Your 2009 Refund? - March 19, 2013

According to the IRS, it is estiamted 9,800 Iowan taxpayers have a tax refund for 2009 waiting for them, but the deadline to claim that is approaching. Read More »

 

Tax Law Blog: Unfortunate Reminder of the Need for Powers of Attorney - February 27, 2013

A local news story should serve as a reminder how important powers of attorney are, often more so than a will. Read More »

 

Tax Law Blog: Social Media and Other Digital "Assets" After Death - February 11, 2013

Have you included yoru social media accounts in your estate plan? Does your executor know of all your social media accounts? What about online banking accounts? Here are a few things to think about. Read More »

 

Tax Law Blog: Iowa Trust Industry Breathes a Sigh of Relief after the Supreme Court's Reversal in Trimble - January 30, 2013

On January 25, 2013, trustees around the state breathed a sigh of relief after the Iowa Supreme Court reversed the district court's controversial decision in the trust case of In the matter of Trust #T-1 of Mary Fay Trimble. Read More »

 

Tax Law Blog: IRS Offers Options if You Can't Pay Your Taxes - January 18, 2013

If you can't pay your tax debt, the IRS has some options available, and in 2012 certain options became more appealing. Read More »

 

Tax Law Blog: Filing for 2012 Taxes Delayed Until January 30 - January 9, 2013

Due to the late passage of the American Taxpayer Relief Act, the IRS will not begin accepting tax returns for 2012 until January 30, 2013. Certain individuals will have to wait even longer. Read More »