Frequently Asked Questions
What are the standard mileage rates?
| Purpose | 2011 Rates | 2012 Rates |
Business |
January - June 51¢ June - December 55.5¢ |
55.5¢ |
Medical/Moving |
January - June 19¢ June - December 23.5¢ |
23.5¢ |
Charitable |
14¢ | 14¢ |
Where's my refund?
See: Iowa Department of Revnue
Do I have to file a tax return for 2011?
The following are filing requirements for 2011.
| Filing Status | Under 65 | 65 or Over |
Single |
$9,500 | $10,950 |
Married Filing Jointly |
$18,900 | $20,150 |
Head of Household |
$12,200 | $13,650 |
Married Filing Separately |
$3,700 | |
Children/Other Dependents
|
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 2011 and 2012, 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 or her spouse. Gifts include transfers of cash or property on behalf of another, interest-free loans or below-market sales.