Dickinson, Mackaman, Tyler & Hagen, P.C.

Dickinson, Mackaman, Tyler & Hagen, P.C. is a general practice law firm in Des Moines, Iowa. Our attorneys provide a full range of legal and business counseling services to a client base that includes large corporations, small businesses, governmental entities and not-for-profit organizations with interests in Iowa.

I have not been shy about my criticism about the Iowa Department of Revenue’s (“Department”) muddy guidance on the sales taxation of “commercial recreation.” Previously, I wrote about the Department perplexingly concluding that spinning classes are subject to sales tax as “commercial recreation”, but Pilates are not. Now, the Department muddied the waters by adding

FinCEN has released an initial Small Entity Compliance Guide for Beneficial Ownership Information Access and Safeguards Requirements. Although the Guide is not very detailed at this point, here is what your small financial institution should know as of now.

On December 22, 2023, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) issued

Unfortunately, it looks like taxpayers who filed for the Employee Retention Credit (“ERC”) — both before and after the IRS’s moratorium on processing ERC claims — may be waiting years before they receive their emergency COVID-relief payments. Luckily, taxpayers have a mechanism to expedite the process. 

Official Reports of Delays in Processing ERC Claims

While there

On January 1, 2024, the Corporate Transparency Act will require millions of U.S. companies to file first-time beneficial ownership information reports with the U.S. Department of Treasury Financial Crimes Enforcement Network. Over the last several weeks, Dickinson Law has covered some of the most significant reporting obligations as well as what businesses, financial institutions, and existing entities need

On January 1, 2024, the Corporate Transparency Act will require millions of U.S. companies to file first-time beneficial ownership information reports with the U.S. Department of Treasury Financial Crimes Enforcement Network. For the next several weeks, Dickinson Law will cover some of the most significant reporting obligations as well as what businesses, financial institutions, and existing entities

On January 1, 2024, the Corporate Transparency Act will require millions of U.S. companies to file first-time beneficial ownership information reports with the U.S. Department of Treasury Financial Crimes Enforcement Network. For the next several weeks, Dickinson Law will cover some of the most significant reporting obligations as well as what businesses, financial institutions, and existing entities

The IRS has repeatedly warned taxpayers of aggressive marketing and scams regarding the Employee Retention Credit.  On October 19, 2023, the IRS announced a withdrawal process for Employee Retention claims, which is a special initiative aimed at helping businesses concerned about an ineligible claim.

According to the IRS:  

“This new withdrawal option allows certain employers

On January 1, 2024, the Corporate Transparency Act will require millions of U.S. companies to file first-time beneficial ownership information reports with the U.S. Department of Treasury Financial Crimes Enforcement Network. For the next several weeks, Dickinson Law will cover some of the most significant reporting obligations as well as what businesses, financial institutions, and existing entities