Carrying long-term debt is a challenge, but when the money is owed to the government and you see no way to pay what you owe, it can be psychologically and emotionally debilitating. Some people think they can turn to bankruptcy, but that is not…
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There was once a time when the only people who used the word “gig” were musicians chatting about a booking. Today, virtually every newspaper and magazine features the booming gig economy — or how to make the most of it — on a regular…
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Article Highlights:
Stock Markets Downward Slide
Traditional IRA to a Roth IRA Conversions
Younger Individuals
Here Is How It Works
Marginal Tax Rates
Example When Using the Marginal Table
Conversions Cannot Be Undone.
…
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Article Highlights:
American Rescue Plan Act
2021 Enhanced Child Tax Credit
Credit Phaseout
Advance Payments
TIGTA Report
Millions Entitled to But Did Not Receive the Credit
Credit Still Available to Those That Qualify
The…
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November 2022 Individual Due Dates
November 10 - Report Tips to Employee
If you are an employee who works for tips and received more than $20 in tips during October, you are required to report them to your employer on IRS Form 4070 no later…
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According to one recent study, about 27% of people in the United States between the ages of 55 and 67 years old have less than $10,000 saved for retirement. If you needed just one statistic to outline how important it is to plan ahead when you're…
https://www.islernw.com/wp-content/uploads/2022/10/Blog-header-image-if-you-want-to-maximize-your-social-security-income-you-need-to-start-planning-now-Isler-Northwest-CPAs-in-Portland-Oregon.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2022-10-21 12:00:572022-11-08 16:26:33If You Want to Maximize Your Social Security Income, You Need to Start Planning Now
Article Highlights:
Contractor Developer Credit
Retroactive Extension to 2022
Increased Credit 2023 through 2032
Prevailing Wage Requirements
Qualifications
Qualifying Residential Projects
Non-Refundable Credit
Basis…
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Article Highlights:
Medical Savings Account
Retirement Account
High-Deductible Plan
Eligible Individuals
Monetary Qualification for an HSA
Qualification Chart
Maximum Contributions
Establishing an HSA
The Health…
https://www.islernw.com/wp-content/uploads/2022/10/Blog-header-image-tax-needs-filled-by-health-savings-accounts-Isler-Northwest-CPAs-in-Portland-Oregon.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2022-10-19 12:00:132022-10-18 18:31:41Multiple Tax Needs Filled By Health Savings Accounts
Article Highlights:
Itemized Versus Standard Deductions
Medical Expenses
Taxes
Charitable Contributions
If your tax deductions normally fall short of itemizing your deductions or even if you are able to itemize, but only…
https://www.islernw.com/wp-content/uploads/2022/10/Blog-header-image-bunching-your-deductions-can-provide-big-tax-benefits-in-Portland-Oregon.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2022-10-18 12:00:362022-10-18 18:31:47Bunching Your Deductions Can Provide Big Tax Benefits
October 2022 Individual Due Dates
October 11 - Report Tips to Employer
If you are an employee who works for tips and received more than $20 in tips during September, you are required to report them to your employer on IRS Form 4070 no later…
https://www.islernw.com/wp-content/uploads/2022/09/Blog-header-image-october-2022-important-due-dates-Isler-Northwest-CPAs-in-Portland-Oregon.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2022-09-27 12:00:102022-10-18 17:39:50October 2022 Important Due Dates
What Is an Offer in Compromise?
Tax Planning, Tax TipsFour Popular Platforms for Finding Gig Work
Business, Finance Tips, Jobs, Self-EmploymentIs This an Opportune Time to Convert Your Traditional IRA to a Roth IRA?
IRA's, Roth IRAAre You Missing Out on the Increased Child Tax Credit?
Tax CreditsNovember 2022 Important Due Dates
Due DatesIf You Want to Maximize Your Social Security Income, You Need to Start Planning Now
Financial Planning, RetirementIncreased Tax Credits for Home Builders
Home Ownership, Tax CreditsMultiple Tax Needs Filled By Health Savings Accounts
Health Savings Accounts, Tax Tips, UncategorizedBunching Your Deductions Can Provide Big Tax Benefits
Deductions, Tax TipsOctober 2022 Important Due Dates
Due Dates