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JAMES C. BUSETH, P.A.
CERTIFIED PUBLIC ACCOUNTANT
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Welcome and thank you for visiting the website of James C. Buseth, P.A. In addition to providing you with a profile of our firm and the services we provide, this website has been designed to become a helpful resource tool to you, our valued clients and visitors.

As you browse through our website, you will see that we have highlighted background information on our firm and the services we provide. We have also included useful resources such as informative articles (in our Newsletters section) and interactive financial calculators (in our Financial Tools section). In addition, we have taken the time to gather many links to external websites that we think would be of interest to our clients and visitors (in our Links section).

Please feel free to contact us with any questions or comments you may have - we would love to hear from you.

Our Current Hours

Monday - Friday: 8:00 AM - 5:00 PM

Saturday: 8:00 AM - noon

Tax Alerts
Tax Briefing(s)
One Big Beautiful Bill Act (Signed Into Law July 4, 2025)2025 Post-Filing Season Update2024 Post-Election Tax Policy Update
IRS Reminds Newlyweds To Update Tax Information for Smoother Filing
The IRS has advised newly married individuals to review and update their tax information to avoid delays and complications when filing their 2025 income tax returns. Since an individual’s filing sta...
IRS Offers Relief for Individuals Who Missed April Tax Filing Deadline (IR-2025-66)
The IRS has announced several online resources and flexible options for individuals who have not yet filed their federal income tax return for the tax year at issue. Those who owe taxes have been enco...
Court Lacked Jurisdiction to Rule on Innocent Spouse Relief (Fakir, DC Mich.)
A district court lacked jurisdiction to rule on an individual’s innocent spouse relief under Code Sec. 6015(d)(3), in the first instance. The individual and her husband, as taxpayers, were liable f...
LLC Not Entitled to Full Conservation Easement Deduction; Adjusted Basis Limitation Affirmed (Glade Creek Partners, LLC, CA-11)
A limited liability company classified as a TEFRA partnership was not entitled to deduct the full fair market value of a conservation easement under Code Sec. 170. The Court of Appeals affirmed the T...
Married Couple not Entitled to Refund for Depreciation Deduction (Shleifer, DC Fla.)
A married couple was not entitled to a tax refund based on a depreciation deduction for a private jet. The Court found the taxpayers’ amended return failed to state the correct legal basis for the c...
IA - Correction: upcoming fuel tax rate
A previous story incorrectly stated the Iowa tax rate of Ethanol Blended Gasoline E-15 or higher would remain 25.5 cents per gallon. Effective July 1, 2025, this rate will increase to 26.5 cents per g...
MN - State fair tax guidance updated
Minnesota updated its guidance on sales and use tax obligations at the State Fair. Vendors must collect and remit sales tax on taxable goods, services, prepared food, candy, soft drinks, and alcoholic...
SD - Updated municipal tax rate chart released
South Dakota has released the updated chart for municipal tax rates effective July 1, 2025, through December 31, 2025. The updated chart can be viewed here. Municipal/Special Jurisdiction Tax Rate C...
WI - Tentative agreement on bipartisan budget deal
Wisconsin Gov. Tony Evers has announced a tentative bipartisan budget agreement with legislative leaders. Some of the highlights of the agreed upon 2025-27 Biennial Budget include:eliminating the sale...
IRS Reminds Newlyweds To Update Tax Information for Smoother Filing
The IRS has advised newly married individuals to review and update their tax information to avoid delays and complications when filing their 2025 income tax returns. Since an individual’s filing sta...
IRS Offers Relief for Individuals Who Missed April Tax Filing Deadline (IR-2025-66)
The IRS has announced several online resources and flexible options for individuals who have not yet filed their federal income tax return for the tax year at issue. Those who owe taxes have been enco...
Court Lacked Jurisdiction to Rule on Innocent Spouse Relief (Fakir, DC Mich.)
A district court lacked jurisdiction to rule on an individual’s innocent spouse relief under Code Sec. 6015(d)(3), in the first instance. The individual and her husband, as taxpayers, were liable f...
LLC Not Entitled to Full Conservation Easement Deduction; Adjusted Basis Limitation Affirmed (Glade Creek Partners, LLC, CA-11)
A limited liability company classified as a TEFRA partnership was not entitled to deduct the full fair market value of a conservation easement under Code Sec. 170. The Court of Appeals affirmed the T...
Married Couple not Entitled to Refund for Depreciation Deduction (Shleifer, DC Fla.)
A married couple was not entitled to a tax refund based on a depreciation deduction for a private jet. The Court found the taxpayers’ amended return failed to state the correct legal basis for the c...
IA - Correction: upcoming fuel tax rate
A previous story incorrectly stated the Iowa tax rate of Ethanol Blended Gasoline E-15 or higher would remain 25.5 cents per gallon. Effective July 1, 2025, this rate will increase to 26.5 cents per g...
MN - State fair tax guidance updated
Minnesota updated its guidance on sales and use tax obligations at the State Fair. Vendors must collect and remit sales tax on taxable goods, services, prepared food, candy, soft drinks, and alcoholic...
SD - Updated municipal tax rate chart released
South Dakota has released the updated chart for municipal tax rates effective July 1, 2025, through December 31, 2025. The updated chart can be viewed here. Municipal/Special Jurisdiction Tax Rate C...
WI - Tentative agreement on bipartisan budget deal
Wisconsin Gov. Tony Evers has announced a tentative bipartisan budget agreement with legislative leaders. Some of the highlights of the agreed upon 2025-27 Biennial Budget include:eliminating the sale...