Kallsen & Associates, CPAs, LLP

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Here are your Articles for October 8, 2026.

Age Is Just a Number, but Tax Milestones Matter

From childhood savings accounts to retirement plan distributions, age can affect federal tax obligations and planning opportunities throughout one's life. Knowing when key milestones will arrive is critical to choosing optimal strategies. We journey through major age-based tax rules and considerations that taxpayers may encounter from birth through their 70s.

Do You Qualify as a Stock Trader?

Frequent stock trading doesn't automatically qualify someone as a trader for federal tax purposes. This article explains how the tax treatment of investors and traders differs, what courts consider when determining trader status, and the potential tax consequences of claiming trader status when an individual's activities don't support that classification.

Make Sales Growth an Organization-Wide Goal

If your business relies entirely on its sales department for sales growth, it should reconsider its strategy. Employees throughout your organization regularly interact with customers and may have ideas for strengthening relationships and expanding sales. This article suggests training that includes your entire business.

Federal Tax News for Businesses

1. Capitalizing Intangible Asset Costs
2. Passive Loss Rules for Limited Partners
3. Repairs or Improvements? Know the Difference
4. Business Tax Breaks for Working Pets
5. Running a Business with Your Spouse

Kallsen & Associates, CPAs, LLP

605 Lake Street, Suite 6
Spirit Lake, IA 51360-1674

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Tax Planning Guide

Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.