Article Highlights:
The refund statute expires on May 17, 2021 for unfiled 2017 returns.
Unfiled returns will lose out on refundable credits.
Refunds may be offset by unpaid child support, past due student loans, and back taxes.
If…
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Article Highlights:
$5,000 First-year Start-up and Organizational Expense Write-off
Timely Filing Requirements
Qualifying Start-up Expenses
Trade or Business Purchase
Qualifying Organizational Expenses
Expense Write-off…
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Article Highlights:
Filing Due Date
Balance due payments
Contributions to a Roth or traditional IRA
Estimated tax payments for the first quarter of 2021
Individual refund claims for tax year 2017
Just a reminder to those…
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Article Highlights:
Your Federal Tax Refund Status Can Be Checked Online
Delay When Claiming Earned Income Tax Credit or Additional Child Tax Credit
“Where’s My Refund?”
Refunds Are Generally Issued Within 21 Days of E-Filing
…
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Article Highlights:
CARES and COVID Tax Relief Acts
Unemployment Benefits
American Rescue Plan
Tax-Exempt Portion of Unemployment
Bogus Forms 1099-G
Kiddie Tax and Unemployment
States’ Taxation of Unemployment
With…
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Article Highlights:
Single
Married Filing Jointly
Surviving Spouse
Married to a Nonresident Alien
Head of Household
Married Filing Separate
Filing status is determined on the last day of the year and most often is…
https://www.islernw.com/wp-content/uploads/2021/04/Understanding-Tax-Filing-Status.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2021-04-04 04:48:042021-04-04 04:48:04Understanding Tax-Filing Status
Article Highlights:
CARES Act Moratorium
RMD Resumptions
Age Considerations
Figuring out the RMD Amount
Penalty for Not Taking an RMD
No Maximum Limit
IRA-to-Charity Transfers
As part of the CARES Act, the requirement…
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As if this past year with all of its pandemic perils has not been stressful enough, the Office of the Inspector General for the Department of Labor has just added to our anxieties by announcing that at least at least $36 billion and possibly…
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Article Highlights:
Charitable Contributions
Educator Expenses
Performing Artist Expenses
State and Local Government Officials’ Expenses
Health Savings Account Contributions
Moving Expenses for Members of the Armed Forces
…
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Article Highlights
Prior Filed Returns with Unemployment Income
American Rescue Plan’s $10,200 Exclusion
IRS Automatic Adjustment
Refund Application
When an Amended Return Might Be Required
The IRS announced on March 31,…
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Refund Statute Expiring: Don’t Miss Out!
Tax Refund, Tax TipsWriting Off Your Business Start-Up Expenses
Small Business, Startup, Tax Planning, Tax TipsTax Filing Deadlines Are Rapidly Approaching
2021 Due Dates, IRA Contributions, IRA's, Tax Refund, Tax Tips, TaxesEasily Check the Status of Your Refund
Tax Refund, Tax TipsAre Your Unemployment Benefits Taxable?
ARPA, CARES Act 2020, COVID-19, Oregon, Oregon Income Tax, Stimulus Payments, Tax News, Tax TipsUnderstanding Tax-Filing Status
2021 Tax Laws, Tax Planning, Tax TipsRequired Minimum IRA Distributions Will Resume in 2021
2021 Tax Laws, CARES Act 2020, IRAs & RMDs, Tax News, Tax PlanningUnemployment Fraudsters May Create a Tax Nightmare for Unsuspecting Taxpayers
CARES Act 2020, COVID-19, Scams, Security, Tax News, Tax TipsTax Deductions Without Itemizing
2020 Tax Laws, 2021 Due Dates, Deductions, Health Savings Accounts, Tax Planning, Tax TipsIRS to Automatically Adjust Prior Filed 2020 Returns with Unemployment Income
2021 Tax Laws, ARPA, COVID-19, EITC, Tax Credits, Tax News, Tax Planning, Tax Tips