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An Iowa CPA’s tips for getting your tax refund faster

News

March 24th, 2023 by Ric Hanson

(Radio Iowa) – The deadline to file your federal tax returns is under a month away now, and a certified public accountant in central Iowa is urging people to get their shoeboxes full of receipts together, pronto. Jeff Strawhacker, a C-P-A in Urbandale, says the majority of his clients are very aware of the looming deadline but there are always a few procrastinators who will end up having to file for an extension. “There’s a combination of both,” Strawhacker says. “Most people are very good about getting us the materials we need. Obviously, a lot of people are waiting either for 1099s from brokerage firms, maybe K-1s from partnerships and S Corporations, so those kind of get pushed to the end, but that’s just part of the normal process.”

The I-R-S touts electronic filing as the most accurate method to use, in addition to e-filing bringing a faster refund check. While there were delays during the pandemic, Strawhacker says refunds are back on track this year. “Usually those refunds are coming out within about a two- to three-week period,” Strawhacker says. “The things that make that go faster is, make sure things are accurate on the return, that things aren’t missing, proper lines are filled in. If they want direct deposit, that information is put in there, because if you’re doing direct deposit, it’s speeding up the refunds. You want a paper check? It may take a few more weeks to get that paper check.”

Strawhacker says there were a few minor changes on the federal side that folks will want to note, and big shifts are likely on the state side next year. “There’s been some changes to the Child Tax Credit rules and Dependent Care rules. Those had some expanded provisions back in ’21 due to the pandemic. Those were not extended, so that could impact some people,” Strawhacker says. “And in Iowa, Iowa has not gone through a lot of changes for the ’22 returns, but 2023 is a whole different story, because they’re going through some massive tax reform.”

While practically everyone likes to get a big, fat refund check, Strawhacker says it’s his goal to get his clients’ withholdings adjusted so they’re close to breaking even every year. “If you’re getting a refund, that’s simply dollars that you have paid into the tax system during the year, either through payroll tax withholdings or estimated payments, but that’s your money that you’ve paid in, and you’ve just paid in more than you need to,” Strawhacker says. “So all they’re doing really at the end of the year is giving you back the excess funds, so think about it as an interest-free loan to the government.”

The deadline for filing federal taxes is April 18th this year, while state tax returns are due May 1st.

ABI survey shows most members plan to make capital investments

News

March 24th, 2023 by Ric Hanson

(Radio Iowa) – The Iowa Association of Business and Industry quarterly survey finds most of its members plan to make capital investments in the second quarter of the 2023. Mike Ralston is the president of the association which represents 15-hundred Iowa manufacturers. “You know, that’s a big deal. That’s a multi-million dollar piece of equipment. It’s a plant expansion. It’s something big it’s out of the ordinary. And boy business people wouldn’t do that if they didn’t feel pretty confident about the way things were heading,” Ralston says.

Ralston says the survey shows his members are still experiencing higher prices, longer waits and sometimes struggle to get needed parts or equipment. “Before the pandemic, somebody got their particular component it took them 30 days. Then after the pandemic, literally it took like maybe a couple of years,” he says “It’s still high, but that’s a lot better than two years.” Other questions in the survey show 50 percent of businesses expect sales to increase, and 70 percent foresee their workforce remaining stable.

 

 

More Students Taking C-T-E Courses

News

March 24th, 2023 by Ric Hanson

(Radio Iowa) – More Iowa high school and middle school students are enrolling in educational programs offering courses directly related to employment in current or emerging occupations. Dennis Harden oversees the career and technical education area for the Department of Education, and says the number of courses increased seven-point-six percent in 2022 from the previous year. School districts are required to offer at least 12 units of coursework within four of the six C-T-E service areas.

Harden says all school districts experienced growth in courses with a statewide average of two courses being offered and the participation rate of students in 2022 was 73-point-one percent. He says the largest C-T-E service area with 90 programs is applied science, technology, engineering and manufacturing, followed by health science and information solutions, human services, business, and finally agriculture.

Report details the importance of agriculture to the Iowa economy

Ag/Outdoor, News

March 24th, 2023 by Ric Hanson

(Radio Iowa) – Iowa is known for its many thousands of acres of fertile farmland which help to feed perhaps millions of people around the world, and a new report details just how valuable the agriculture industry is to the state. Brent Johnson, president of the Iowa Farm Bureau Federation, says the report just confirms what we already know, that agriculture is vital to our state’s economy and identity.

The report says Iowa has 326-thousand jobs that are directly tied to agriculture with an economic impact of more than 96-billion dollars tied to those jobs. When that 96-billion figure is trickled down to Main Street and other industries, he says it quickly more than doubles to nearly 222-billion dollars. Even through the past few years with the pandemic, Johnson says agriculture saw steady gains, and farmers are growing significantly more food on less land.

Red Oak woman arrested on an Adams Co. warrants; Red Oak man arrested on drug charges

News

March 24th, 2023 by Ric Hanson

(Red Oak, Iowa) – Police in Red Oak arrested a woman and a man on separate charges, Thursday. Authorities say 40-year-old Mandy Marie Knapp, of Red Oak, was arrested at around 8:15-p.m. in the 1500 block of N. Broadway Street. Knapp was taken into custody on Adams County warrants for Trespass/1st offense, Open Container as a driver (21+) and Felony Burglary in the 3rd Degree. She was being held in the Montgomery County Jail on a $300 bond.

And , at around 5:25-p.m., Thursday, Red Oak Police arrested 24-year-old Austin Alexander Thompson, of Red Oak, for Possession of a Controlled Substance/Marijuana – 1st offense, and Poss. of Drug Paraphernalia. He was being held on a $1,000 bond.

Skyscan Forecast for Atlantic & the Nishna Valley: Friday, March 24, 2023

Weather

March 24th, 2023 by Ric Hanson

Today: Mostly sunny, with a high near 52. East northeast wind 5 to 8 mph.
Tonight: Mostly cloudy, with a low around 32. East northeast wind 5 to 8 mph becoming light and variable.
Saturday: Partly sunny, with a high near 51. North wind around 6 mph.
Saturday Night: A slight chance of rain before 4am, then a slight chance of snow. Mostly cloudy, with a low around 28. Northeast wind 7 to 10 mph. Chance of precipitation is 20%.
Sunday: A slight chance of snow before 1pm, then a slight chance of rain. Mostly cloudy, with a high near 44. North northeast wind around 10 mph. Chance of precipitation is 20%.
Sunday Night: A slight chance of rain before 10pm, then a slight chance of rain and snow between 10pm and 4am, then a slight chance of freezing rain after 4am. Mostly cloudy, with a low around 27. Chance of precipitation is 20%.
Monday: A slight chance of freezing rain before 7am, then a slight chance of rain after 1pm. Partly sunny, with a high near 47. Chance of precipitation is 20%.

Thursday’s High in Atlantic was 41. The Low was 21. Last year on this date the High in Atlantic was 41 and the Low was 33. The Record High on this date was 83 in 1967. The Record Low was -2 in 1974.

No. 3 Iowa women play Colorado tonight (Friday night) in Seattle

Sports

March 24th, 2023 by Ric Hanson

Iowa coach Lisa Bluder says freshman standout Hannah Stuelke will play tonight (Friday night), when the third ranked Hawkeyes take on Colorado in the NCAA Sweet-16 in Seattle. Stuelke missed last Sunday’s win over Georgia with an ankle injury.

A year ago Colorado lost to Creighton in a first round game in Iowa City.

Bluder says Colorado runs a similar double-post offense to Georgia.

Junior guard Caitlin Clark says balance has been a key for the Hawkeyes in the post season and it will be needed against Colorado.

Iowa is the highest seeded team remaining in a regional that has featured several upsets.

Iowa center Monika Czinano says just like George, Colorado’s size is a concern.

Czinano says Stuelke’s return will be a plus against Colorado’s size on the front line.

Louisville and Ole Miss meet in the other regional semifinal. Listen for the Hawkeyes game tonight, beginning at 6:15, on KJAN.

Spring drills begin at Iowa State

Sports

March 24th, 2023 by Ric Hanson

Iowa State coach Matt Campbell says the Cyclone offense is working to become more consistent this spring. The Cyclones finished 4-8 last season and finished at the bottom of the Big-12 in scoring and total offense.

Hunter Dekkers had 19 touchdown passes and 14 interceptions in his first season as a start and Campbell says there will be a lot of competitive position battles this spring.

Campbell says another area that needs to make strides this spring is the offensive line.

Iowa State’s spring game is set for April 22nd.

Iowa baseball enjoying best start since 1939

Sports

March 24th, 2023 by Ric Hanson

Off to its best start since 1939 the Iowa baseball team is scheduled to open a three game series at home today (Friday), against Western Michigan. The Hawkeyes are 16-3 and that includes are early season win over top ranked LSU.

That’s Iowa coach Rick Heller who says the Hawkeyes have had a consistent approach no matter who the opponent is.

Miller-Meeks says it appears TikTok poses a risk to children, US national security

News

March 24th, 2023 by Ric Hanson

(Radio Iowa) – Iowa Congresswoman Mariannette Miller-Meeks says congress cannot let TikTok stockpile sensitive information and spy on Americans. Miller-Meeks and other members of the House Commerce Committee quizzed TikTok’s C-E-O for more than five hours yesterday (Thursday).

“Certainly, as you can see, in a bipartisan way we have concerns,” Miller-Meeks told TikTok’s CEO, “and those concerns are valid.” The app, which has 150 American users, is owned by a Chinese company and the Biden Administration is demanding that the Chinese sell their stake in the company — or the app will be banned in the U.S. Miller noted the hearing began hours after China announced its opposition to the sale of TikTok.

“Why would China or the Chinese Communist Party be opposed to a forced sale of TikTok?” Miller-Meeks asked. “…That leads people to believe that there’s something more nefarious and that there is, in fact, data that is captured, is stored and poses a risk not only to children in the United States, but also poses a risk to national security.” Miller-Meeks, a Republican who represents Iowa’s first congressional district, says she believes TikTok is gathering personal data from Americans and sharing it with our adversaries.

Republican Ashley Hinson, Iowa’s second district congresswoman, says TikTok needs to be banned.  “I believe the time to act was yesterday here,” Hinson says. Hinson says the U.S. Treasury Department has been negotiating with TikTok’s owners for three years — since the Trump Administration — and cutting ties with China and it’s time to ban what Hinson calls a Trojan horse app. Hinson made her comments during a House Appropriations Committee hearing on Thursday.