Nyemaster Goode, P.C.
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Blogs

Our most recent blog articles are showcased below.

May 11, 2017

A. The Federal Government’s Share Current federal tax law imposes an estate tax on the value of taxable estates exceeding $5,490,000. In computing the taxable estate, federal law allows an unlimited marital deduction for qualified transfers to a spouse, as well as an unlimited deduction for bequests to qualified charitable organizations.... Read More

April 25, 2017

Under Iowa law, petitions to appeal the January 1, 2017 assessed values of real estate must be filed with the county or city board of review no later than Monday, May 1, 2017. According to the Polk County Assessor’s April 2017 newsletter, the average increase for commercial and industrial property... Read More

April 3, 2017

On Thursday, Governor Branstad signed legislation prohibiting county and local governments from raising the minimum wage beyond Iowa’s state minimum of $7.25. Three counties: Linn, Johnson, and Wapello have already enacted ordinances which will now be preempted. Polk and Lee counties had legislation ready to take effect which will no longer... Read More

March 10, 2017

Probate is the process by which a person’s estate is settled after death. Final bills are paid, final taxes are filed, and assets are collected and distributed to the beneficiaries. The entire process is supervised by the court, usually takes 9-12 months, and comes with expenses – court costs and... Read More

January 4, 2017

By Fran Haas We're used to hearing about lawsuits against colleges and universities arising out of sexual misconduct investigations. However, the recent verdict against Rolling Stone magazine shows us that the specter of litigation in this area isn't confined to institutions of higher education. Everyone's familiar with Rolling Stone's 2014 report on... Read More

November 23, 2016

By Thomas M. Cunningham On Tuesday, November 22, 2016, the U.S. District Court for the Eastern District of Texas entered a nationwide preliminary injunction prohibiting the new FLSA regulations governing overtime from going into effect as scheduled on December 1, 2016. The final regulations, which were issued on May 18, announced... Read More

July 28, 2016

In an important decision affecting retailers operating in Iowa, the Iowa Supreme Court recently held that the Streamlined Sales and Use Tax Act (SSUTA): (1) does not create a private cause of action for a customer against a retailer, and (2) protects a retailer from a customer’s claim of tax... Read More

June 27, 2016

Labor and employment attorneys and their clients have been anxiously watching the court dockets for a decision that could invalidate, or at least postpone the effective date of the so-called “Persuader Rule.” The waiting ended this afternoon, just days before the rule was set to take effect on July 1,... Read More

June 23, 2016

By Bruce Baker and Dwayne Vande Krol The Iowa statutes and administrative rules have long provided corporations that conduct business both inside and outside of Iowa with the ability to compute income tax based only on income apportioned to Iowa. However, in light of nexus standards that impose Iowa income tax... Read More

June 21, 2016

By Bruce Baker and Dwayne Vande Krol On March 21, 2016, Governor Branstad signed House File 2433 into law. While the bill received much attention for its income tax implications, including allowing Internal Revenue Code Section 179 expenses to be claimed on 2015 Iowa tax returns, HF 2433 also contained important... Read More

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