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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Article Highlights:
Employment (Earned) Income
Earned Income Tax Credit (EITC)
Child Tax Credit (CTC)
2019 or 2020 Earned Income
Credit Qualifications
Because of the pandemic, many individuals have seen…
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April 2021 Individual Due Dates
April 12 - Report Tips to Employer
If you are an employee who works for tips and received more than $20 in tips during March, you are required to report them to your employer on IRS Form 4070 no later than…
https://www.islernw.com/wp-content/uploads/2021/04/April-May-2021Tax-Due-Dates.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2021-04-01 23:53:422021-04-03 23:54:02April 2021 Tax Due Dates
https://www.islernw.com/wp-content/uploads/2021/04/Dont-Miss-Out-on-Tax-Credits.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2021-03-30 05:02:352021-04-04 03:15:07Don’t Miss Out on Tax Credits
Article Highlights:
Phone Scams
E-Mail Phishing
What’s in Your Purse or Wallet?
What You Should Never Do
Fake Charities
Protecting Against Identity Theft
Thieves use taxpayers’ natural fear of the IRS and other government…
https://www.islernw.com/wp-content/uploads/2021/04/Dont-Be-A-Victim-to-IRS-Impersonating-Scammers.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2021-03-26 02:53:372021-04-04 02:54:20Don’t Be A Victim to IRS-Impersonating Scammers
Article Highlights:
Depreciation
Material & Supply Expensing
De Minimis Safe Harbor Expensing
Routine Maintenance
Bonus Depreciation
Section 179 Expensing
Thanks to some very liberal tax laws written to encourage investment…
https://www.islernw.com/wp-content/uploads/2021/04/How-toExpense-Business-IT-Purchases.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2021-03-26 01:02:162021-04-04 03:03:24You Can Expense Business IT Purchases
Article Highlights:
American Rescue Plan Expanded
One-Year-Only Change
Refundability
Child Care Expenses
Credit Percentage
Maximum Credit
Credit Phaseout
Employer-Provided Dependent Care Assistance
Great news if…
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Article Highlights:
IRS Announcement
Limited to Individual Tax Returns
Tax Due Payments
Further Extensions
2021 Estimated Tax Payments Not Extended
The IRS has announced they are extending the filing due date for 2020…
https://www.islernw.com/wp-content/uploads/2021/04/IRS-Extends-Individual-Return-Filing-Date.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2021-03-13 01:07:402021-04-04 03:53:54IRS Extends Individual Return Filing Date
Article Highlights:
Economic Impact Payments
High-Income Taxpayer Phaseout
Reconciliation
Dependents
Decedents
Social Security Number Requirements
Non-Filers
IRS Information Sites
The American Rescue Plan Act has…
https://www.islernw.com/wp-content/uploads/2021/04/Its-Official-Another-Round-of-Stimulus-Payments-Approved-by-Congress.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2021-03-12 12:23:332021-04-04 03:24:12It’s Official! Another Round of Stimulus Payments Approved by Congress
There are many professions that require taxpayers to travel extensively and spend significant amounts of time in paid lodging. These expenses are traditionally claimed as travel deductions. However, a case recently heard by the Tax…
IRS to Automatically Adjust Prior Filed 2020 Returns with Unemployment Income
2021 Tax Laws, ARPA, COVID-19, EITC, Tax Credits, Tax News, Tax Planning, Tax TipsSpecial Rules Apply to 2020 EITC and Child Credit
2021 Tax Laws, EITC, Tax Credits, Tax Tips, TaxesApril 2021 Tax Due Dates
2021 Due Dates, 2021 Tax Laws, COVID-19Don’t Miss Out on Tax Credits
2021 Tax Laws, Deductions, EITC, Tax Credits, Tax News, Tax Planning, Tax TipsDon’t Be A Victim to IRS-Impersonating Scammers
Identity Theft, Scams, TechnologyYou Can Expense Business IT Purchases
2021 Tax Laws, Deductions, Tax Planning, Tax Tips, TaxesGreat News, Child Care Tax Credit Expanded for 2021
2021 Tax Laws, ARPA, Deductions, Tax Credits, Tax News, Tax Planning, Tax TipsIRS Extends Individual Return Filing Date
2021 Due Dates, Tax News, Tax PlanningIt’s Official! Another Round of Stimulus Payments Approved by Congress
2020 Stimulus Package, COVID-19, Stimulus PaymentsTax Court Decision Holds Potential Impact for Travel Deductions
2021 Tax Laws, Deductions, Tax News, Tax Planning, Tax Tips, Taxes