Article Highlights:
Qualifications
Actual Expense Method
Simplified Method
Home Office Expenses for Renters vs. Homeowners
Deduction Limitation
How Moving Affects the Home-Office Deduction
Other Issues
If you are a…
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Article Highlights:
Reason for Conversion
Basis
Depreciation
Cash Flow versus Tax Profit or Loss
Passive Losses
Home Gain Exclusion
Other Tax Issues
Becoming a Landlord
With the current substantial appreciation…
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Article Highlights:
Tax Credit
Credit Phase-Out
Determining the Credit
Off-Road Vehicles and Golf Carts
Allocation Between Business and Personal Use
Credit Reduces Basis
Business Standard Mileage
If you are considering…
https://www.islernw.com/wp-content/uploads/2022/04/Blog-header-image-electric-vehicles-tax-credit-phasing-out-Isler-Northwest-CPAs-in-Portland-Oregon.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2022-04-14 12:00:132022-04-11 21:44:11Electric Vehicle Credits Phasing Out
Article Highlights:
Tapping Your Retirement Savings
Traditional IRAs and Qualified Retirement Plans
Simple IRAs
Early-Withdrawal Penalties
Reduction in Retirement Savings
Exceptions from the Early-Withdrawal Penalty
Roth…
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Article Highlights:
Tax-Free Income from Working Abroad
Foreign Earned Income and Housing Exclusions
Foreign Self-Employment Income
Claiming or Revoking the Exclusion
U.S. citizens and resident aliens are taxed on their worldwide…
https://www.islernw.com/wp-content/uploads/2022/04/Blog-header-image-working-abroad-has-huge-us-tax-benefits-Isler-Northwest-CPAs-in-Portland-Oregon.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2022-04-07 12:00:442022-04-11 21:18:28Working Abroad Has Huge U.S. Tax Benefits
You should be running reports in QuickBooks Online on a weekly—if not daily—basis. Here’s what you need to know.
You can do a lot of your accounting work in QuickBooks Online by generating reports. You can maintain your customer and…
https://www.islernw.com/wp-content/uploads/2022/04/Blog-header-image-getting-started-with-reports-in-quickbooks-online-Isler-Northwest-CPAs-in-Portland-Oregon.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2022-04-05 12:00:302022-04-11 20:37:30Getting Started with Reports in QuickBooks Online
April 2022 Individual Due Dates
April 11 - 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…
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Article Highlights:
If You Can’t Pay
Family Loans
Home Equity Loans and HELOCs
Credit Card
Short-term Payment Plan
IRS Installment Agreement
Retirement Funds
Filing Extensions
Enforced Collections
Offer-in-Compromise
Although…
https://www.islernw.com/wp-content/uploads/2022/03/Blog-header-image-cant-pay-your-taxes-here-are-some-payment-options-Isler-Northwest-CPAs-in-Portland-Oregon.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2022-03-20 12:00:292022-03-29 21:42:05Can’t Pay Your Taxes? Here Are Some Payment Options
Article Highlights:
Employees
Self-Employed Individuals
Quarterly Payments
Underpayment Penalty
Safe Harbor Payments
Estimated tax payments are not just for the self-employed. They are for anyone whose withholding and tax…
https://www.islernw.com/wp-content/uploads/2022/03/Blog-header-image-you-may-need-to-file-estimated-tax-payments-Isler-Northwest-CPAs-in-Portland-Oregon.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2022-03-18 12:00:032022-04-08 20:54:27You May Need to File Estimated Tax Payments
Article Highlights:
Extensions
Balance-Due Payments
Contributions to Roth or Traditional IRAs
Individual Refund Claims for the 2018 Tax Year
Missing Information
As a reminder to those who have not yet filed their 2021…
https://www.islernw.com/wp-content/uploads/2022/03/Blog-header-image-tax-deadline-is-fast-approaching-Isler-Northwest-CPAs-in-Portland-Oregon.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2022-03-15 12:00:092022-03-28 22:32:50The Tax-Filing Deadline Is Drawing Near
You May Qualify for a Small Business Home Office Deduction
Small BusinessTax Issues That Arise When Converting a Home into a Rental
Home Ownership, Rental PropertyElectric Vehicle Credits Phasing Out
Electric Vehicles, Tax CreditsRead This First Before Tapping Your Retirement Savings
RetirementWorking Abroad Has Huge U.S. Tax Benefits
TaxesGetting Started with Reports in QuickBooks Online
Quickbooks, TechnologyApril 2022 Due Dates
Due DatesCan’t Pay Your Taxes? Here Are Some Payment Options
Tax Planning, Tax TipsYou May Need to File Estimated Tax Payments
Tax Planning, Tax Tips, TaxesThe Tax-Filing Deadline Is Drawing Near
2021 Due Dates, Tax News