The article says the issue of linking Iowa’s income tax rules to the latest federal legislation is “complicated,” but it’s really pretty simple:
Tags: Depreciation, Iowa, iowa tax policy, Rod Boshart, Section 179
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Joe Kristan writes the Tax Update items, and any opinions expressed or implied are not necessarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to
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Joe,
Is this unnecessary complication of our personal tax returns by the state of Iowa tantamount to an additional tax because of the additional cost we might pay someone else or additional time we might spend ourselves to become familiar with the growing list of differences between the Federal and Iowa tax returns (and then keep track of those differences)?
Why, yes it is a tax increase! It’s the worst kind. It’s not only digging deep into your pocket, it does so in a whimsical way that that requires you to do extra work for the privilege of giving them money. It’s as if the utility company made you do cartwheels for the privilege of paying your gas bill.