AllenMitchell, LLP

AllenMitchell, LLP AllenMitchell, LLP is a CPA Firm providing tax, bookkeeping, payroll and planning services at a top

A job loss can create tax consequences that aren’t always obvious. Reviewing your options before making decisions about ...
06/18/2026

A job loss can create tax consequences that aren’t always obvious. Reviewing your options before making decisions about severance, health coverage and retirement accounts may help you avoid unnecessary taxes and penalties. Check out our website for the full article at www.allenmitchellcpas.com/tax-briefs

A like-kind exchange can be a valuable tax-deferral strategy — but only if you follow the rules. Learn four common myths...
06/16/2026

A like-kind exchange can be a valuable tax-deferral strategy — but only if you follow the rules. Learn four common myths that can lead to missed opportunities or costly mistakes. Visit our website for the full article at www.allenmitchellcpas.com/tax-briefs

The “kiddie tax” can increase a family’s overall tax liability if investment income is generated in a child’s name — eve...
06/15/2026

The “kiddie tax” can increase a family’s overall tax liability if investment income is generated in a child’s name — even if the child is a young adult. But you may be able to minimize its impact. Visit our website for the full article at www.allenmitchellcpas.com/tax-briefs

Our Kalona office will be closed Friday while Alliant gets power restored.
06/11/2026

Our Kalona office will be closed Friday while Alliant gets power restored.

Self-employed individuals often miss legitimate tax savings. Don’t let this happen to you. Learn the basics of claiming ...
06/09/2026

Self-employed individuals often miss legitimate tax savings. Don’t let this happen to you. Learn the basics of claiming business expense deductions, including those for your home office, meals, vehicle and more. Check out the full article at our website at www.allenmitchellcpas.com/tax-briefs

If you’ve been maxing out your 401(k) elective deferrals, you may be able to add to your retirement nest egg with anothe...
06/04/2026

If you’ve been maxing out your 401(k) elective deferrals, you may be able to add to your retirement nest egg with another type of 401(k) contribution. Read the full article at our website at www.allenmitchellcpas.com/tax-briefs

Not all intangible assets are created equal in the eyes of the IRS. Learn the federal income tax treatment for capital v...
06/02/2026

Not all intangible assets are created equal in the eyes of the IRS. Learn the federal income tax treatment for capital vs. noncapital self-created intangibles — and why the distinction matters to small business owners. See the full article at our website at www.allenmitchellcpas.com/tax-briefs

Tax scams continue to evolve. Here are some common ones to watch for and how to avoid becoming a victim. Visit our webs...
05/28/2026

Tax scams continue to evolve. Here are some common ones to watch for and how to avoid becoming a victim. Visit our website for the full article at https://allenmitchellcpas.com/tax-briefs

Small business owners: If you think your income is too high for you to qualify to make Roth IRA contributions, think aga...
05/26/2026

Small business owners: If you think your income is too high for you to qualify to make Roth IRA contributions, think again. Many self-employed individuals are eligible for contributions without realizing it. Check out the full article at our website!

If you donate artwork to charity, the deduction you can claim depends on several factors, including the type of organiza...
05/21/2026

If you donate artwork to charity, the deduction you can claim depends on several factors, including the type of organization receiving the piece and how it will be used. Your deduction will generally be reduced if the charity’s use of the artwork is unrelated to the purpose or function that’s the basis for its qualification as a tax-exempt organization. The reduction equals the amount of capital gain you would have realized had you sold the artwork instead of giving it to charity. Other deduction limits as well as special substantiation and appraisal rules also may apply. If you’re considering donating artwork or other valuable property, contact us for help ensuring the best tax outcome.

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Address

123 E 2nd Street
Washington, IA
52353

Opening Hours

Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 5pm

Telephone

+13195918770

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