Article Highlights:
Sale of a Rental Property Converted to a Personal Residence
Exclusion of Gain on Sale of Personal Residence – The Ownership and Use Tests
Partial Exclusion of Gain
The Impact of a Rental Period After 2008
…
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The kids are back in school! Things like student loans, scholarships, and fellowship grants can play a role in parents’ and college students’ tax liability. Let’s look at how education costs can impact your taxes.
Student Loan Forgiveness
Student…
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Article Highlights:
Predicting Social Security Income
Planning for the Future
Employer Retirement Plans
Tax Incentive Retirement Savings Plans
Are you ignoring your future retirement needs? That tends to happen when you are…
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September 2023 Individual Due Dates
September 1 - 2023 Fall and 2024
Tax Planning Contact this office to schedule a consultation appointment.
September 11 - Report Tips to Employer
If you are an employee who works for tips and received more…
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Are you wondering where the world economy is going and how your personal finances will stand up to the changes? If so, you are not alone. Part of the fun of being on this planet is planning for the future even when it’s not clear what…
https://www.islernw.com/wp-content/uploads/2023/08/Blog-header-image-financial-planning-for-all-ages-Isler-Northwest-CPAs-in-Portland-Oregon.png4541199IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2023-08-24 12:00:322023-08-31 05:37:39Financial Planning for All Ages
Article Highlights:
Head of household filing status
Earned income tax credit
Child tax credit
Child care credit for certain working grandparents
Grandchild’s education credits
Medical and dental expenses
More and more…
https://www.islernw.com/wp-content/uploads/2023/08/Blog-header-image-tax-breaks-for-grandparents-2023-Isler-Northwest-CPAs-in-Portland-Oregon.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2023-08-22 12:00:522023-08-14 18:49:48Tax Breaks for Grandparents
Article Highlights:
Background
Court Battle
Forgiveness Under Income-Driven Repayment (IDR) Plans
Debt Relief Income
American Rescue Plan Act
General Welfare Exception
Insolvent Taxpayer Exclusion
Employer-Provided…
https://www.islernw.com/wp-content/uploads/2023/08/Blog-header-image-tax-implications-of-student-loan-forgiveness-Isler-Northwest-CPAs-in-Portland-Oregon.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2023-08-18 12:00:012023-08-02 20:03:14Tax Implications of Student Loan Forgiveness
Article Highlights:
Mid-Year Planning
Avoiding Unpleasant Surprises
Events That Have Tax Consequences
Waiting until after the close of the tax year to worry about your taxes can result in missed opportunities that could have reduced…
If you've been paying attention to the news recently, you're no doubt well aware that artificial intelligence is a topic of much discussion. Thanks largely due to the launch of ChatGPT and the potentially disruptive implications of what this…
https://www.islernw.com/wp-content/uploads/2023/07/Blog-header-image-nvidia-wasnt-born-an-ai-juggernaut-but-it-certainly-did-become-one-Isler-Northwest-CPAs-in-Portland-Oregon.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2023-08-14 12:00:452023-07-28 06:17:03Nvidia Wasn’t Born an AI Juggernaut, But It Certainly Did Become One
Article Highlights:
Distinguishing Employee and Independent Contractor
State Legislation
Federal Guidelines
Partners
Advantages of Independent Contractor Status
Form SS-8
SE Tax
Form 8919
Penalties for Misclassifying…
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Tax Issues When Converting a Rental to Your Personal Residence
Rental PropertyHow Does Education Impact Your Taxes?
Education, Student Loans, Tax TipsAre You Ignoring Retirement Planning?
RetirementImportant September 2023 Due Dates
2023 Due DatesFinancial Planning for All Ages
Finance Tips, Financial PlanningTax Breaks for Grandparents
Tax Credits, Tax TipsTax Implications of Student Loan Forgiveness
Student LoansMid-Year Tax Planning Checklist 2023
Tax Planning, Tax Tips, TaxesNvidia Wasn’t Born an AI Juggernaut, But It Certainly Did Become One
TechnologyEmployee or Independent Contractor – A Primer for Employers and Employees
Employees, Self-Employment