Article Highlights:
Flexible Spending Accounts
Common Features of an FSA
FSA Allowable Medical Expenses
Unused Amounts (Use It or Lose It)
Health Savings Accounts
Enrolled in Medicare
Covered Under a High-deductible…
https://www.islernw.com/wp-content/uploads/2023/04/Blog-header-image-what-is-the-difference-between-hsa-and-health-fsa-Isler-Northwest-CPAs-in-Portland-Oregon.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2023-04-20 12:00:482023-04-25 16:26:06What is the Difference Between an HSA and a Health FSA?
Article Highlights:
General statute is 3 years
Some states are longer
Fraud, failure to file and other issues can extend the statute
Keeping the actual return
Taxpayers often question how long records must be kept and the…
https://www.islernw.com/wp-content/uploads/2023/05/Blog-header-image-2023-when-can-you-dump-old-tax-records-Isler-Northwest-CPAs-in-Portland-Oregon.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2023-04-18 12:00:482023-05-01 19:04:50When Can You Dump Old Tax Records?
Article Highlights:
Pay-as-You-Earn System
Withholding and Payment Forms
IRS On-line Withholding Estimator
Situations Triggering Underpayments
Safe Harbor Payments
True Safe Harbor
Under federal law, taxpayers must pay…
https://www.islernw.com/wp-content/uploads/2023/04/Blog-header-image-dont-get-hit-with-irs-underpayment-penalties-Isler-Northwest-CPAs-in-Portland-Oregon.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2023-04-13 18:05:432023-04-25 16:14:36Don’t Get Hit with IRS Underpayment Penalties
Think for a moment about the many ways that the world has changed since Steve Jobs first introduced the iPhone to the world in 2007.
Overnight, entire industries were upended. Nobody needed a standalone camera because they were suddenly carrying…
https://www.islernw.com/wp-content/uploads/2023/05/Blog-header-image-has-technology-disrupted-your-business-model-heres-what-to-do-next-IRS-tax-problems-Isler-Northwest-CPAs-in-Portland-Oregon.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2023-04-11 12:00:472023-05-01 19:51:50Has Technology Disrupted Your Business Model? Here’s What to Do Next
To say that things are uncertain right now when it comes to the economy is, in all probability, a bit of an understatement.
Inflation is at levels we haven't seen in decades. Employment costs are rising across the board. Materials in a number…
https://www.islernw.com/wp-content/uploads/2023/05/Blog-header-image-want-to-improve-your-cash-flow-shorten-the-amount-of-time-it-takes-to-get-paid-Isler-Northwest-CPAs-in-Portland-Oregon.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2023-04-06 12:00:452023-05-01 18:29:33Want to Improve Your Cash Flow? Shorten the Amount of Time it Takes to Get Paid
Article Highlights:
Early-Withdrawal Penalties
Reduction in Retirement Savings
Exceptions from the Early-Withdrawal Penalty
If you find yourself looking for a quick source of cash, your retirement savings may look like a tempting…
https://www.islernw.com/wp-content/uploads/2023/05/Blog-header-image-looking-for-quick-cash-avoid-your-retirement-savings-Isler-Northwest-CPAs-in-Portland-Oregon.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2023-04-04 12:00:012023-05-01 18:22:21Looking for Quick Cash? Try to Avoid Retirement Savings
If you were laid off from your job at some point in the last year, at least take comfort in the fact that you are not alone.
In 2022 alone, there were approximately 15.4 million layoffs in the United States as per one recent study. About 6.9…
https://www.islernw.com/wp-content/uploads/2023/03/Blog-header-image-have-you-lost-your-job-heres-what-you-need-to-know-about-taxes-Isler-Northwest-CPAs-in-Portland-Oregon.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2023-03-31 12:00:392023-03-31 18:52:44Have You Lost Your Job? Here’s What You Need to Know About Taxes
Article Highlights:
Contribution Due Date
Age Rules
Compensation Rules
When To Contribute
Contribution Limits
Deductibility & Benefits
Saver’s Credit
Choosing Between Traditional & Roth IRAs
Most of the…
https://www.islernw.com/wp-content/uploads/2023/03/Blog-header-image-its-not-too-late-for-an-ira-contribution-Isler-Northwest-CPAs-in-Portland-Oregon.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2023-03-30 12:00:452023-03-31 19:08:29It’s Not Too Late for an IRA Contribution
April 2023 Individual Due Dates
Disaster Area Extensions:
Please note that when a geographical area is designated as a disaster area, due dates will be extended. For more information whether an area has been designated a disaster area and…
https://www.islernw.com/wp-content/uploads/2023/03/Blog-header-image-important-april-2022-due-dates-Isler-Northwest-CPAs-in-Portland-Oregon.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2023-03-27 12:00:482023-03-31 18:53:08Important April 2023 Due Dates
Article Highlights:
If You Can’t Pay
Automatic Extension in Federally Declared Disaster Areas
Family Loans
Home Equity Loans and HELOCs
Credit Card
Short-term Payment Plan
IRS Installment Agreement
Retirement Funds
…
https://www.islernw.com/wp-content/uploads/2023/03/Blog-header-image-what-to-do-when-you-cant-pay-taxes-Isler-Northwest-CPAs-in-Portland-Oregon.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2023-03-22 21:47:382023-03-30 15:41:10Can’t Pay Your Taxes? Here Are Some Options
What is the Difference Between an HSA and a Health FSA?
Health Insurance, Health Savings Accounts, Healthcare, InvestmentWhen Can You Dump Old Tax Records?
Tax Planning, TaxesDon’t Get Hit with IRS Underpayment Penalties
Tax Planning, Tax TipsHas Technology Disrupted Your Business Model? Here’s What to Do Next
Business, Business DevelopmentWant to Improve Your Cash Flow? Shorten the Amount of Time it Takes to Get Paid
Finance TipsLooking for Quick Cash? Try to Avoid Retirement Savings
Retirement, SavingsHave You Lost Your Job? Here’s What You Need to Know About Taxes
Jobs, Tax TipsIt’s Not Too Late for an IRA Contribution
IRA Contributions, IRA'sImportant April 2023 Due Dates
2023 Due DatesCan’t Pay Your Taxes? Here Are Some Options
2023 Due Dates, 2023 Taxes