The straight line

Act NOW to Benefit from Business Tax Breaks Extended by Congress

The Tax Increase Prevention Act of 2014 (TIPA) renewed through 2014 a long list of business federal income tax breaks that had been allowed to expire at the end of 2013. This article provides a quick summary of the most important business extenders that were just resurrected — and a few that were not. DEPRECIATION AND COST RECOVERY...

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Congress Extends Many Tax Breaks for Individuals

The Tax Increase Prevention Act of 2014, which was signed into law on December 19, renewed through 2014 a long list of personal and business federal income tax breaks that had been allowed to expire at the end of 2013. Because Congress habitually allows these breaks to expire before restoring them for a year or two, they...

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Congress Provides Tax Relief and Help for the Disabled

Just before adjourning on December 16, the Senate passed the Tax Increase Prevention Act of 2014 (TIPA), which was passed by the House on December 3. The White House announced that President Obama will sign the law, which renews more than 50 expired tax breaks. This gives taxpayers just 10 days — excluding the federal holiday and weekends...

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GT Summer Happenings

Summer 2014 was a very busy one for us and we are sad to see it end! As a proud supporter and member of the Agribusiness Association of Iowa (AAI), we sponsored holes at each of the golf outings held throughout the state. We had a canopy set up with giveaways at Hole 10 in...

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Happy 60th Birthday, Dave!

Dave had no idea they were all in town! Once dinner was all over, they had a second surprise for the Yankees fan: an autographed Derek Jeter jersey! Dave was very surprised and, as it turns out, he had a pretty great birthday surrounded by family and friends.

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