Article Highlights:
Definition of Tax Basis
Cost Basis
Adjusted Basis
Gift Basis
Inherited Basis
Record Keeping
For tax purposes, the term “basis” refers to the monetary value used to measure a gain or loss. For…
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Article Highlights:
Increased Standard Deduction
Tax-Exempt Income
Impairment-Related Work Expenses
Financially Disabled
Earned Income Tax Credit
Child or Dependent Care Credit
Special Medical Deductions
Qualified…
https://www.islernw.com/wp-content/uploads/2021/12/Blog-header-image-tax-benefits-available-to-disable-taxpayers-Isler-Northwest-CPAs-in-Portland-Oregon.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2021-12-09 12:00:082021-12-14 17:31:26Tax Benefits Available to Disabled Taxpayers
Article Highlights:
Lifetime Exclusion
Annual Exclusion
Medical Exception
Education Exception
Gifting Techniques
If you are fortunate enough to have an estate large enough to be subject to the estate tax upon your death,…
Article Highlights:
Electric Car Credit
Solar Electric Credit
College Student Supplies
Work Equipment
Charitable Gifts
Employee Gifts
Some holiday gifts you provide to members of your family, employees and others may…
https://www.islernw.com/wp-content/uploads/2021/12/Blog-header-image-tax-breaks-for-holiday-gifts-Isler-Northwest-CPAs-in-Portland-Oregon.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2021-12-02 12:00:212021-11-30 18:46:08Tax Benefits for Holiday Gifts
December 2021 Individual Due Dates
December 1 - Time for Year-End Tax Planning
December is the month to take final actions that can affect your tax result for 2021. Taxpayers with substantial increases or decreases in income, changes in marital…
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Article Highlights:
Taking Stock of Tax Strategies
Education Tax Credits
Converting a Traditional IRA to a Roth IRA
Minimum Required Distributions
Charitable Contributions
Qualified Charitable Distributions
Health Savings…
https://www.islernw.com/wp-content/uploads/2021/11/Blog-header-image-ten-tax-saving-strategies-to-consider-before-year-end-Isler-Northwest-CPAs-in-Portland-Oregon.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2021-11-26 12:00:042021-11-30 17:59:3510 Tax-Saving Strategies to Consider Before Year-End
Article Highlights:
Underpayment of Estimated Tax and Withholding Penalty
Required Minimum Distribution Penalty
Late-Filing Penalty
Late-Payment Penalty
Negligence Penalty
Fraud Penalty
Dishonored Check Penalty
Missing…
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Article Highlights:
Pay-as-You-Earn System
Safe Harbor Payments
Situations Triggering Underpayments
True Safe Harbors
Congress considers our tax system a “pay-as-you-earn” system. To facilitate that concept, the government…
When you decided to start your own company, you likely focused on the products or services you were selling, along with your amazing customer service and marketing skills. While running your own small business offers plenty of upsides, it also…
https://www.islernw.com/wp-content/uploads/2021/11/Blog-header-image-intimidated-by-accounting-five-simple-steps-are-all-you-need-Isler-Northwest-CPAs-in-Portland-Oregon.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2021-11-15 12:00:252021-11-10 23:35:38Intimidated by Accounting? Five Simple Steps Are All You Need
What Is Tax Basis and Why Is It So Important?
TaxesTax Tips for Holiday Charity Donations
Charity, Tax TipsTax Benefits Available to Disabled Taxpayers
Tax TipsTax-Free Gifting
Tax TipsTax Benefits for Holiday Gifts
Tax CreditsDecember 2021 Tax Due Dates
2021 Due Dates10 Tax-Saving Strategies to Consider Before Year-End
2022 Taxes, Tax PlanningTax Penalties to Watch Out For
Accounting, Tax Planning, Tax TipsAvoiding IRS Underpayment Penalties
Tax PlanningIntimidated by Accounting? Five Simple Steps Are All You Need
Accounting