Back-Door Roth IRAs

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Article Highlights: Roth IRA Contribution Limitations Converting a Traditional IRA to a Roth IRA Circumventing the Limitations Back-Door Roth IRAs Pitfalls of a Back-Door Roth IRA The “All IRAs Are One” Rule Many individuals…

7 Personal Finance Tips for Freelancers and Gig Workers

Freelance work and the gig economy have taken the nation by storm. A study commissioned by the Freelancers Union and freelance platform Upwork revealed that the gig economy’s work force reached an eye-popping 57 million Americans in 2019,…

The Treasury Green Book of Biden Proposed Tax Changes

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Article Highlights Long-Term Capital Gains Rates Top Individual Tax Rate Pass-Through Income Subject to 3.8% NIIT or SECA Tax Limit Nonrecognition of Like-Kind Exchanges Transfer of Appreciated Property by Gift or Death …

Relocating? How to Do It with Taxes in Mind

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If you’re thinking about moving from your current locale, you’re not alone. Americans are on the move for many different reasons: Remote work is increasingly popular and allows employees to live wherever they have access to WiFi, while tax…

Did You Get a Letter from the IRS? Don’t Panic.

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Article Highlights: IRS Notices CP Series Notice Automated Notices Frequent Errors ID Theft Penalties and Interest What You Should Do What We Will Do Now that most tax refunds are deposited directly into taxpayers’…

The IRS is Resuming Collection & Enforcement Activities That Were Paused During COVID-19

The IRS is reporting that it is resuming “certain collection and enforcement processes that had been suspended because of the coronavirus pandemic.”  On June 15, 2021, this process kicked off as the IRS started contacting taxpayers who…

3 Reasons Paying Your Bills Early Will Benefit You

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If there’s anything we all learned from 2020, it’s that things can change in a heartbeat and that the unexpected can create real havoc. Though there’s nothing you can do to stop fate’s freight trains from barreling down the tracks, there…
Isler-Northwest-CPAs-in-Portland-Oregon--blog-header-image-Vital-Life-Foundation

Supporting the Vital Life Foundation

Hello Vital Life Board and Ambassador Board Members,   Yesterday I had the opportunity to be a part of a KOIN TV interview congratulating two of our charitable partners, Friends of the Children and Meals on Wheels People for going…

Exit Strategy: How to Create One for Your Small Business

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Owning your own small business is a dream that few are fortunate enough to realize, but even those new to the joys of entrepreneurial self-determination need to spend time thinking about how you’re going to eventually leave the business. No…

Haven’t Received Your Tax Refund Yet?

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Article Highlights Slow Refunds COVID-19 Economic Impact Payments Recovery Rebates Unemployment Debacle Using 2019 Income to Compute 2020 EITC and Additional Child Tax Credit Other Issues Where’s My Refund Tool …