Selling a property you have owned for a long period of time will frequently result in a large capital gain, and reporting all of the gain in one year will generally expose the gain to higher than normal capital gains rates and subject the gain…
https://www.islernw.com/wp-content/uploads/2024/05/Blog-header-image-installment-sale-a-useful-tool-to-minimize-taxes-Isler-Northwest-CPAs-in-Portland-Oregon.png4541199IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2024-05-07 12:00:002024-05-01 20:11:18Installment Sale – a Useful Tool to Minimize Taxes
Article Highlights:
COVID 2020 Economic Impact Payments
Recovery Rebate Credit
Credit Refund Is About to Expire
$1,200 for Single Taxpayer and $2,400 for Married Couples plus $500 for Dependents.
How To Claim the Credit if Not…
https://www.islernw.com/wp-content/uploads/2024/05/Blog-header-image-reminder-claims-for-recovery-rebate-credit-about-to-expire-Isler-Northwest-CPAs-in-Portland-Oregon.png4541199IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2024-05-02 12:00:592024-05-01 19:58:42Reminder: Claims For Recovery Rebate Credit About to Expire
May 2024 Individual Due Dates
May 10 - Report Tips to Employer
If you are an employee who works for tips and received more than $20 in tips during April, you are required to report them to your employer on IRS Form 4070 no later than May 10.…
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When it comes to managing your small business finances, establishing a consistent routine is important. This is especially true when using QuickBooks, a powerful accounting software system that can help you stay organized and make informed decisions…
https://www.islernw.com/wp-content/uploads/2024/04/Blog-header-image-5-steps-you-should-take-every-time-you-open-quickbooks-Isler-Northwest-CPAs-in-Portland-Oregon-1.png4541199IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2024-04-25 12:00:412024-04-22 16:40:345 Steps You Should Take Every Time You Open QuickBooks
Article Highlights:
Potential medical deductions
Medical dependents
Divorced parents
Medical AGI limitations
A taxpayer is allowed an itemized deduction for medical expenses paid during the taxable year and not compensated by…
https://www.islernw.com/wp-content/uploads/2024/04/Blog-header-image-drug-alcohol-addiction-treatments-may-be-tax-deductible-Isler-Northwest-CPAs-in-Portland-Oregon.png4541199IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2024-04-23 12:00:112024-04-22 16:40:38Drug & Alcohol Addiction Treatments May Be Tax Deductible
Article Highlights:
Credit For Childcare
Credit Percentage
Child Qualifications
Employment-Related Expense
Taxpayer Earnings Limits
Full-Time-Student or Disabled Spouse
Qualifying Care
Other Facts and Issues
Tactic…
https://www.islernw.com/wp-content/uploads/2024/05/Blog-header-image-tax-facts-about-claiming-tax-benefits-for-childcare-expenses-Isler-Northwest-CPAs-in-Portland-Oregon.png4541199IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2024-04-18 12:00:112024-05-01 19:53:37Tax Facts about Claiming Tax Benefits for Childcare Expenses
As parents, ensuring the financial security of our children is paramount. One effective tool for this is a custodial account, a financial mechanism designed to hold and protect assets for minors until they reach adulthood. In this article, we…
https://www.islernw.com/wp-content/uploads/2024/05/Blog-header-image-important-secure-your-childs-financial-future-the-importance-of-establishing-custodial-accounts-early-Isler-Northwest-CPAs-in-Portland-Oregon.png4541199IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2024-04-16 12:00:092024-05-01 19:53:43Secure Your Child’s Financial Future: The Importance of Establishing Custodial Accounts Early
Article Highlights:
Noncash Charitable Contributions
Establishing Donation Value
Fair Market Value
Documentation Requirements
Appraisal Requirements
Tax legislation passed in late 2017 nearly doubled the standard deduction…
Your federal tax refund status can be checked online.
E-file refunds are generally issued within 21 days of filing.
Direct deposit provides the quickest refunds.
If your 2023 federal tax return has already been filed and you are…
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In the bustling world of small businesses, where every decision can significantly impact your bottom line, overstaffing can be a major problem. One of the main reasons for this is that hiring too many employees can happen before you even realize…
https://www.islernw.com/wp-content/uploads/2024/04/Blog-header-image-how-over-staffing-can-impact-your-small-business-Isler-Northwest-CPAs-in-Portland-Oregon.png4541199IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2024-04-02 12:00:482024-04-01 23:13:12How Overstaffing Can Impact Your Small Business
Installment Sale – a Useful Tool to Minimize Taxes
Tax PlanningReminder: Claims For Recovery Rebate Credit About to Expire
2024 Due Dates, COVID-19, Tax CreditsImportant May 2024 Due Dates
2024 Due Dates5 Steps You Should Take Every Time You Open QuickBooks
QuickbooksDrug & Alcohol Addiction Treatments May Be Tax Deductible
Deductions, Tax TipsTax Facts about Claiming Tax Benefits for Childcare Expenses
Deductions, Financial PlanningSecure Your Child’s Financial Future: The Importance of Establishing Custodial Accounts Early
Finance Tips, Financial PlanningProving Noncash Charitable Contributions
CharityChecking the Status of Your Federal Tax Refund Is Easy
2024 Taxes, Tax RefundHow Overstaffing Can Impact Your Small Business
Small Business