Article Highlights:
Understanding Reasonable Cause Abatement
What Constitutes Reasonable Cause?
How to Apply for Reasonable Cause Relief
Who Can Apply?
IRS Guidelines on Evaluating Reasonable Cause
Grounds Used for Requesting…
Hiring for the summer?
That’s exciting—until the IRS gets involved.
While onboarding interns or part-time help sounds simple enough, summer hiring is one of the most common ways small business owners get tripped up on payroll, compliance,…
https://www.islernw.com/wp-content/uploads/2025/06/Blog-header-image-summer-hiring-learn-how-to-handle-paying-for-short-term-employment-Isler-NW-Oregon.png4541199IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2025-06-17 12:00:572025-06-17 04:14:41Summer Hiring? Here’s How to Handle Seasonal Workers, Interns, and Payroll Compliance Without the Headache
Article Highlights:
What is Self-Employment Tax?
Net Earnings Subject to Self-Employment Tax
Comparison: Employee vs. Self-Employment
Prepayment and Estimation
Exemptions from Self-Employment Tax
Issues and Challenges
Self-employment…
https://www.islernw.com/wp-content/uploads/2025/05/Blog-header-image-tips-every-self-employed-worker-should-know-about-self-employed-tax-tips-Isler-NW-Oregon.png4541199IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2025-06-12 12:00:572025-06-01 00:48:44Tips Every Self-Employed Individual Should Know About Self-Employment Tax
Article Highlights
Higher Standard Deduction
IRA Options
Typical Summer Jobs for Young Adults
Self-Employed Parent
Employing Your Child
Tax Benefits
Summer jobs for kids offer more than just extra cash—they provide…
https://www.islernw.com/wp-content/uploads/2025/06/Blog-header-image-summer-jobs-for-your-kids-Isler-NW-Oregon.png4541199IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2025-06-10 12:00:572025-06-01 00:25:51Summer Jobs for Your Children
On May 22, the U.S. House of Representatives passed a sweeping tax package, advancing a bill that could significantly reshape the federal tax landscape heading into the 2025 filing season. Dubbed by supporters as “The One Big Beautiful Bill,”…
https://www.islernw.com/wp-content/uploads/2025/06/Blog-header-image-tax-bill-clears-the-house-heres-what-this-means-for-american-tax-payers-Isler-NW-Oregon-1.png4541199IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2025-06-05 12:00:162025-06-01 00:12:34Tax Bill Clears the House: What It Means for Americans and What’s Next
June 2025 Individual Due Dates
June 2 - Final Due Date for IRA Trustees to Issue Form 5498
Final due date for IRA trustees to issue Form 5498, providing IRA owners with the fair market value (FMV) of their IRA accounts as of December 31, 2024.…
https://www.islernw.com/wp-content/uploads/2025/06/Blog-header-image-important-june-2025-due-dates-Isler-NW-Oregon.png4541199IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2025-06-03 12:00:302025-06-01 00:48:51Important June 2025 Due Dates
Let’s get one thing straight: your business is not a bottomless pit for personal spending. Too often, SMB owners treat their bank accounts like ATMs—dispensing cash on impulse until there’s nothing left for growth, innovation, or even…
https://www.islernw.com/wp-content/uploads/2025/05/Blog-header-image-business-owners-you-are-not-an-atm-Isler-NW-Oregon-1.png4541199IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2025-05-29 12:00:412025-06-01 00:00:31You Are Not an ATM
Article Highlights:
Annual Filing Requirements
Understanding Which Form to File
Due Dates and Extensions
Online Filing Options
Consequences of Late Filing or Non-Filing
Monetary Penalties for Filing Non-Compliance
Other…
https://www.islernw.com/wp-content/uploads/2025/05/Blog-header-image-Understanding-Filing-Requirements-and-Non-Compliance-Penalties-for-Exempt-Organizations-Isler-NW-Oregon.png4541199IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2025-05-27 12:00:512025-05-21 02:42:33Understanding Filing Requirements and Non-Compliance Penalties for Exempt Organizations
Article Highlights:
Americans Living and Working Abroad
Extension Requests
Report of Foreign Bank and Financial Accounts (FBAR)
Statement of Foreign Financial Assets
Estimated Tax Payments
Estimated Tax Safe Harbors
June…
https://www.islernw.com/wp-content/uploads/2025/05/Blog-header-image-tax-payers-living-abroad-june-16-important-deadline-Isler-NW-Oregon.png4541199IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2025-05-22 12:00:132025-05-21 02:18:44Taxpayers Living Abroad, June 16, 2025, Is an Important Filing Deadline
Article Highlights:
The Impact of the Social Security Fairness Act
Social Security Lump-Sum Election
Taxation Options for Lump-Sum Payments
Taxation in the Year of Receipt
Lump-Sum Election Method
How Each Method Works
…
https://www.islernw.com/wp-content/uploads/2025/05/Blog-header-image-how-social-security-fairness-act-and-lump-sum-tax-effects-Isler-NW-Oregon.png4541199IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2025-05-20 12:00:092025-05-21 02:11:33How the Social Security Fairness Act and Lump-Sum Election Can Maximize Your Benefits
Navigating IRS Penalty Abatement
Tax Tips, TaxesSummer Hiring? Here’s How to Handle Seasonal Workers, Interns, and Payroll Compliance Without the Headache
Jobs, Small BusinessTips Every Self-Employed Individual Should Know About Self-Employment Tax
Self-Employment, Small BusinessSummer Jobs for Your Children
Entrepeneurship, JobsTax Bill Clears the House: What It Means for Americans and What’s Next
2025 Taxes, Tax News, Tax Tips, TaxesImportant June 2025 Due Dates
2025 Due Dates, Tax Planning, Tax TipsYou Are Not an ATM
Finance Tips, Financial Planning, Self-Employment, Small Business, StartupUnderstanding Filing Requirements and Non-Compliance Penalties for Exempt Organizations
Tax Credits, Tax News, Tax Planning, Tax Reform, Tax Tips, TaxesTaxpayers Living Abroad, June 16, 2025, Is an Important Filing Deadline
2025 Due Dates, Financial Planning, Personal Finance, Tax Planning, Tax TipsHow the Social Security Fairness Act and Lump-Sum Election Can Maximize Your Benefits
Retirement, Tax News, Tax Planning