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Tax Law Update

About Us

The Nyemaster Tax Law Blog is dedicated to current tax law and employee benefit/ERISA issues impacting individuals and businesses, at both the Iowa and federal levels. We hope you find this resource informative and appreciate your feedback.

September 13, 2017

In 1992, the U.S. Supreme Court held in Quill Corp. v. North Dakota that the Commerce Clause of the U.S. Constitution requires a retailer to have a physical presence in a state before the State can require the retailer to collect its sales or use taxes. In the 25 years... Read More

August 9, 2017

One of the most important considerations in an estate plan is who will take care of your children if something happens to you and your spouse. If you fail to designate a guardian, the court will be forced to choose one for you. As you can imagine, this can result... Read More

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

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

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 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

May 22, 2015

[The following summary was written by Kyle Carlson, a law clerk in Nyemaster Goode’s summer program.] On May 15, 2015, the Iowa Supreme Court handed down two decisions, Dolphin Residential Cooperative, Inc. v. Iowa City Board of Review and City of Iowa City v. Iowa City Board of Review, concerning multiple... Read More

February 19, 2015

The Iowa Commercial Property Tax Credit (the “Credit”) was created as part of comprehensive property tax reform legislation passed by the Iowa General Assembly and signed by the Governor in 2013. To receive the Credit for property taxes paid during the first available year (i.e., the fiscal year from July... Read More

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