Article Highlights:
October 15 extended due date for filing federal individual tax returns for 2019.
Late-filing penalty.
Interest on tax due.
Other October 15 deadlines.
Because of the COVID-19 pandemic emergency, the IRS…
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Article Highlights:
$500 Per Child Stimulus Payment
Non-Filer Tool
Those Who Have Already Used the Non-Filer Tool
Those Who Haven’t Used Non-Filer Tool
How Payment Will be Made
Get My Payment Tool
Non-Filers
The…
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Ever since the coronavirus pandemic began impacting the United States, businesses around the country have responded by instituting work-from-home policies. While it is unclear how much longer the nation will be in the grips of the crisis, social…
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To our valued clients:
The US Small Business Administration and Treasury recently issued an interim final rule clarifying Paycheck Protection Program forgiveness issues surrounding owner-employee compensation and the eligibility of rent…
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Regardless of the type of business you're running, it's safe to say that you've likely already been impacted by the ongoing COVID-19 pandemic that is making its way across the globe. With no complete end to the situation in sight, many have…
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IRS Extends the Opportunity to Defer Capital Gains
Article Highlights:
Tax Benefits
Investment Period
Qualified Opportunity Zone Funds
Qualified Opportunity Zones
Deferral Period
10 Year Election
As part of tax reform…
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As the November elections approach, you might want to know what the two front-running presidential candidates’ tax plans for the future are. The following is an overview of their positions, at least what is known now. However, the political…
https://www.islernw.com/wp-content/uploads/2020/08/Trump-v-Biden-on-Tax-PLans.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2020-08-28 00:33:562020-08-28 00:49:37Compare the Potential Tax Plans of Trump v. Biden
It has been more than ten years since the United States’ economy has gone through a recession, and when the National Bureau of Economic Research announced in June that we have officially entered another, it hit many Americans like a body blow.
The…
https://www.islernw.com/wp-content/uploads/2020/08/5-money-moves-during-a-recession.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2020-08-27 23:18:332020-08-27 23:18:33We're Officially in a Recession, So Make These 5 Money Moves Now
From Michael Cohn, Editor-in-chief @ Accounting Today
The Internal Revenue Service is now letting taxpayers submit Form 1040-X electronically when they want to file an amended tax return through commercial tax software, in what the agency…
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Most taxpayers don’t intentionally incur tax penalties, but many who are penalized are simply not aware of the penalties or the possible impact on their wallets. As tax season approaches, let’s look at some of the more commonly encountered…
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October’s Extended Due Date Is Fast Approaching
2020 Due Dates, 2020 Tax LawsIndividuals Have a New Opportunity to Receive $500 Economic Impact Payments for Their Children
2020 Stimulus Package, COVID-19, Tax NewsHow States are Reshaping Nexus Laws for Remote Employees Due to COVID-19
COVID-19, Tax News, Tax Planning, Tax Tips, TaxesPPP Interim Final Ruling Summary
2020 Stimulus Package, 2020 Tax Laws, Paycheck Protection ProgramWealth Transition and Succession Planning: Best Practices for Businesses During COVID-19
COVID-19, Personal Finance, Small Business, Succession Planning, Tax PlanningIRS Extends the Opportunity to Defer Capital Gains
2020 Due Dates, 2020 Stimulus Package, 2020 Tax Laws, Capital Gains, COVID-19Compare the Potential Tax Plans of Trump v. Biden
2020 Tax Laws, COVID-19, US NewsWe're Officially in a Recession, So Make These 5 Money Moves Now
COVID-19, Recession TipsIRS makes Form 1040-X amended tax returns available for e-filing
2020 Tax Laws, Tax News, Tax TipsWatch Out for Tax Penalties
2020 Tax Laws, Tax Planning, Tax Tips, Taxes