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Like sand through the hourglass, so pass the days of our tax season.
Meanwhile, the Iowa Senate Ways and Means Committee has been sitting for three weeks on a key bill that affects the tax returns now being filed for 2004. The House passed HF 186, the bill to make bring Iowa's tax laws up to date with the federal tax rules, on February 17.
Until this passes, Iowans can't be certain that their Iowa tax returns will be in compliance with the tax law for 2004. Considering what a hash the legislature made for 2003 by changing the 2003 rules in September, 2004, we'd feel better if they'd take care of this quickly.
What's the holdup?
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Joe Kristan writes the Tax Update items, and any opinions expressed or implied are not neccesarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to