Article Highlights:
Why We Keep Records
Audit Defense
Amending Returns
Claiming Refunds
Tax Basis
Duration for Keeping Tax Records
Federal Statute of Limitations on Tax Refunds
Tax Return Omissions
Indefinite…
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Article Highlights:
Exclusions from Gift and Estate Taxes
Annual Gift Tax Exclusion
Gifts for Medical Expenses and Tuition
Lifetime Exclusion from Gift and Estate Taxes
Spousal Exclusion Portability
Qualified Tuition Programs
…
https://www.islernw.com/wp-content/uploads/2024/05/Blog-header-image-gift-and-estate-tax-primer-Isler-Northwest-CPAs-in-Portland-Oregon.png4541199IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2024-05-14 12:00:012024-05-01 20:12:14Gift and Estate Tax Primer
Payroll taxes can be a significant headache for many small—to medium-sized business owners. Without proper education, entrepreneurs can find themselves in trouble with the IRS and state tax agencies. Fortunately, if you’ve been struggling…
https://www.islernw.com/wp-content/uploads/2024/05/Blog-header-image-payroll-management-a-complete-guide-for-smbs-Isler-Northwest-CPAs-in-Portland-Oregon.png4541199IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2024-05-09 12:00:002024-05-01 20:12:00Payroll Management: A Complete Guide for SMBs
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
Think Twice Before Tossing: The Critical Timing for Disposing of Your Tax Records Safely
Finance Tips, Financial PlanningGift and Estate Tax Primer
Tax Refund, TaxesPayroll Management: A Complete Guide for SMBs
Small BusinessInstallment 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 Planning