Article Highlights:
Required Minimum Distributions
When the Distributions Must Begin
RMD Distribution Tables
Figuring the Amount of the Distribution
Beneficiary Distribution Rules
Surviving Spouse
Eligible Designated Beneficiaries
…
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Article Highlights:
Exercise Stock Options
Convert a Traditional IRA to a Roth IRA
Maximize IRA Distributions
Sell Appreciated Stock
Delay Business Expenditures
Release Dependency
Delay Personal Deductible Expenditures
People…
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Article Highlights:
States With No Income Tax
Social Security Benefits
Roth IRA Retirement Account
Traditional IRA Retirement Account
Spousal IRA
Back-Door Roth IRA
Saver’s Credit
Employer Pensions
Employee Funded…
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August 2022 Individual Due Dates
August 10 - Report Tips to Employer
If you are an employee who works for tips and received more than $20 in tips during July, you are required to report them to your employer on IRS Form 4070 no later than…
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Article Highlights
New Business
Legal and professional fees
Spousal Joint Ventures
Self-employed Health Insurance
Home Office
Deducting the Cost of Business Equipment
Advertising Expenses
Website Costs
Financing
…
https://www.islernw.com/wp-content/uploads/2022/07/Blog-header-image-ways-to-maximize-business-deductions-Isler-Northwest-CPAs-in-Portland-Oregon.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2022-07-28 12:00:402022-07-25 18:54:43Ways to Maximize Business Deductions
Expanding your family? Whether you’re in the planning stages or your bundle of joy has already arrived, raising a child is one of life’s greatest joys — and biggest expenses. And we’re not just talking about the costs of college. From…
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The word “audit” tends to strike fear in the hearts of American taxpayers, but the truth is that not every audit is a result of a problem, or that the Internal Revenue Service suspects you of wrongdoing. There are several reasons why the…
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Article Highlights:
Gift Tax Rule
Annual Exemption
Lifetime Exemption
Medical and Tuition Exemptions
Gift Splitting
Gifts of Property
If you are financially well off, you may want to gift money or property to family members…
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Article Highlights:
Home Sale Exclusion
2 out of 5 Rule
Business Use of the Home
Gain or Loss from a Sale
Previous Use as a Rental
Form 1099-S IRS Matching
Records
If you sold your home this year or are thinking about…
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What Is a Required Minimum Distribution?
RetirementTake Tax Advantage of a Low-Income Year
2022 TaxesWill Your Planned Retirement Income Be Enough after Taxes?
RetirementAugust 2022 Due Dates
2022 Due DatesWays to Maximize Business Deductions
Business, DeductionsTax and Personal Finance Tips for New Parents
Tax Planning, TaxesWhat Do You Do If the IRS Wants to “Audit” Your Tax Return?
Audit, Tax TipsDon’t Overlook Your Charitable Contributions
Charity, DeductionsCutting the IRS Out of Your Gifts
Gift TaxSold or Thinking of Selling Your Home?
Home Ownership