Article Highlights:
Spousal IRA
Compensation Requirements
Maximum Contribution
Traditional or Roth IRA?
One of the fallouts of the COVID-19 pandemic is that millions of people have dropped out of the workforce, particularly…
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Highlights:
Standard Mileage Rates for 2022
Business, Charitable, Medical and Moving Rates
Important Considerations for 2022
Switching Between the Actual Expense and Standard Mileage Rate Methods
Employer Reimbursements
Employee…
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If knowledge is power, then the information available to e-commerce business owners provides nearly unlimited potential. The same platforms that host your websites include data collection tools that – if used properly – can guide your decision-making…
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January 2022 Individual Due Dates
January 3 - Time to Call For Your Tax Appointment -
January is the beginning of tax season. If you have not made an appointment to have your taxes prepared, we encourage you to do so before the calendar…
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Article Highlights:
1099-NEC Filing Requirements
Independent Contractor Filing Threshold
Form W-9
Form 1099-MISC
If you use independent contractors to perform services for your business, for each one that you pay $600 or more…
https://www.islernw.com/wp-content/uploads/2021/12/Blog-header-image-does-your-business-need-to-file-forms-1099-nec-or-1099-misc-Isler-Northwest-CPAs-in-Portland-Oregon.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2021-12-23 12:00:122022-01-04 22:12:14Does Your Business Need to File Forms 1099-NEC or 1099-MISC?
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…
https://www.islernw.com/wp-content/uploads/2021/12/Blog-header-image-what-is-tax-basis-and-why-is-it-so-important-Isler-Northwest-CPAs-in-Portland-Oregon.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2021-12-21 12:00:242022-01-04 22:12:20What Is Tax Basis and Why Is It So Important?
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
How Can a Nonworking Spouse Qualify to Fund an IRA?
Uncategorized2022 Standard Mileage Rates Announced
Tax Tips, UncategorizedUsing Data to Drive Your E-Commerce Business’ Growth
Business Development, Small BusinessJanuary 2022 Due Dates
Due DatesDoes Your Business Need to File Forms 1099-NEC or 1099-MISC?
Business, Tax TipsWhat 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 Credits