BW INSIGHTS

2026 Property Tax Reform: The Bill’s Most Significant Changes

By Tim C. Reilly | 05.13.2026
Iowa Legislature Passes Sweeping Property Tax and Local Government Finance Reform On Sunday, May 3, 2026, the Iowa Legislature approved one of the most significant overhauls of Iowa’s property tax and local government finance system in the state’s history. Senate File 2472 affects nearly every major component of the property tax system, including... Read More

IEEPA Tariff Refunds — Immediate Steps for Importers

By Tim C. Reilly | 03.24.2026
The Supreme Court’s decision in Learning Resources, Inc. v. Trump and V.O.S. Selections, Inc. v. Trump (Feb. 20, 2026) paved the way for refunds of tariffs imposed under the International Emergency Economic Powers Act (IEEPA). The U.S. Court of International Trade (CIT) issued a March 4, 2026, order directing U.S. Customs and Border Protection... Read More

What the OBBBA Means for Qualified Overtime Compensation: Deduction and Reporting Updates

By Rachel A. Martinez & Christopher L. Nuss | 01.22.2026
Beginning with tax year 2025, the One Big Beautiful Bill Act (“OBBBA”) added a new above-the-line deduction for employees with “qualified overtime compensation” received during the taxable year that is included on statements furnished to them. This deduction is effective through 2028. Qualified overtime compensation is defined as “overtime... Read More

Federal Government Shutdown – What Is the Anticipated Effect on IRS Matters?

By Cynthia Boyle Lande, Christopher L. Nuss & Rachel A. Martinez | 10.03.2025
Congress failed to pass legislation to fund the federal government for 2026 by the September 30, 2025, deadline, resulting in a government shutdown. At BrownWinick, we continually monitor and analyze how this may affect our clients who have matters pending with the Internal Revenue Service (IRS) and other administrative agencies within the Federal... Read More

BrownWinick Welcomes Nine 2025 Fall Associates

By BrownWinick | 09.29.2025
We are delighted to welcome a new class of associates to our firm this fall. This year’s group brings a wide range of experiences, perspectives, and talents that will enhance our practice and further strengthen the service we deliver to our clients. Their enthusiasm, dedication to the law, and drive for excellence are already evident, and we look... Read More

Take Advantage the New Markets Tax Credit Program

By Tim C. Reilly | 09.16.2025
The One Big Beautiful Bill Act (OBBBA) touches many areas of the Internal Revenue Code, but one that’s getting less attention is Section 45D, the New Markets Tax Credit program (NMTC). This program seeks to encourage investment in low-income areas by providing a tax credit to those who provide funding for significant projects in those areas.... Read More

Navigating State & Local Taxes: How an Iowa Tax Attorney Can Help Your Business

By Tim C. Reilly | 08.22.2025
State and local taxes (SALT) often take a back seat to federal tax considerations, to the extent that tax is even at the table when it comes to deciding what’s best for a business. And while federal income tax is typically the largest tax liability for a business, ignoring SALT in business planning can create unnecessary risk and leave money on... Read More

Iowa Overhauls Business Tax Incentives: What Companies Need to Know

By Tim C. Reilly | 08.11.2025
The 2025 Iowa legislature enacted Senate File 657 to revamp some of the state’s biggest tax incentives to attract and retain businesses. The bill was signed by Governor Kim Reynolds on June 6, and the restructured credits and incentives will go into effect on January 1, 2026. Research and Development (R&D) The Iowa Research Activities Credit (RAC)... Read More

What “The Big Beautiful Bill” Means for Estate Planning in 2025 and Beyond

By Robert Hodges | 07.10.2025
On July 4, 2025, President Trump signed H.R.1“The Big Beautiful Bill” into law. This broad tax-and-spending reconciliation package solidifies and extends the Tax Cuts and Jobs Act (TCJA) enacted in 2017. Additionally, the sweeping implications of the legislative package touch economic policy, immigration, Medicaid, renewable energy tax credits and... Read More

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