Did You Know?

There is a payroll tax exemption available to employers who hire unemployed invididuals. See our "news" tab on the new HIRE Act of 2010 or call our office for more information.

Frequently Asked Questions

What are the standard mileage rates?

Purpose 2009 Rates 2010 Rates

Business

 55 50

Medical/Moving

 24 16.5

Charitable

 14 14

  

Where's my refund?

 See: Internal Revenue Service

 See: Iowa Department of Revnue

 

Do I have to file a tax return for 2009?

The following are filing requirements for 2009.

Filling Status Under 65 65 or Over

Single

 $9,350 $10,750

Married Filing Jointly

 $18,700 $19,800

Head of Household

 $12,000 $13,400

Married Filing Separately

 $9,350 $10,450

Children/Other Dependents
must file if any of the following apply:
  • Unearned income over $950
  • Earned income over $5,700
  • Gross income more than the greater of:

1) $950 or  2) earned income plus $300

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Do I have an employee or an independent contractor?

 The courts have considered many facts in deciding whether a worker is an independent contractor or an employee. These relevant facts fall into three main categories: behavioral control; financial control; and relationship of the parties.

  • Behavioral Control - These facts show whether there is a right to direct or control how the worker does the work.
  • Financial Control - These facts show whether there is a right to direct or control the business part of the work. If you can realize a profit or incur a loss, this suggests that you are in business for yourself and that you may be an independent contractor.
  • Relationship of the Parties - These are facts that illustrate how the business and worker perceive their relationship. A written contract may state the business's intend and relationship.

 

How much can I gift to another person and can I deduct my gift?

For 2009 and 2010, an individual may make a gift to another individual of $13,000 or less, in each calendar year, and not be required to report the gift to the Internal Revenue Service. A gift is not deductible by the donor and not taxable income to the recipient. There are no limits on the amounts a person may gift to his spouse. Gifts include transfers of cash or property on behalf of another, interest-free loans or below-market sales.