The straight line

Category Archives: GT Firm News

Changes in Accounting Method For Form 3115

Last year, based on IRS guidance, we changed the way that Section 199 was computed. This year we are researching the Internal Revenue Code, specifically sections 1381, 1382 and 1383, which are related to Section 199, to investigate the possibility of writing down your tax basis member grain inventory (in dollars) to zero. This would have the affect of creating a tax deduction equal to your ending member grain inventory.

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New Website Widgets!

We’re always on the look out for helpful tools to add to our web site– tools that can help you make more informed decisions about managing your resources. Recently we’ve added three new items to enhance the Gardiner Thomsen web site and we want you to know about them!

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Turn To GT For Your Form 990 Tax Filing

PolicyWorks recently notified credit unions that the 2008 tax year would be their last year of filing a group Form 990. PolicyWorks sighted a number of reasons, one being that “due to increasing complexity, we feel credit unions are better served seeking advice from professionals with tax/accounting expertise”.

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Bohling Joins Nebraska Football Hall of Fame

Congratulations are in order for Brian Bohling upon his induction into the Nebraska Football Hall of Fame this past fall. The Nebraska Football Hall of Fame is sponsored by the Nebraska Chapter of the National Football Foundation and College Football Hall of Fame.

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In Loving Memory of Mary Gardiner 1932-2008

We would like to thank all of you for your kind words, thoughts and prayers regarding the passing of Mary Gardiner, Dan’s wife and mother to Mark, Dennis and Darcy. We find comfort in your support and appreciate you for keeping us in your hearts.

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What are we going to accept as service in the future?

Although I like to think I am not that old, I remember when we went to lumberyards, hardware stores and meat markets for our specific needs, and we received personal service from individuals who knew their merchandise. It’s unfortunate that we don’t have many shops like that anymore. I feel bad for my kids because a ‘lack of personal service’ is what they are going to experience as a norm as they mature– all because it has been run out of town by the big box stores. It’s time to raise our standards.

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