The “Coronavirus Aid, Relief, and Economic Security Act” (Cares Act) includes many tax and financial breaks for both individuals and businesses. We broke down many of the essential elements and how they can assist you and your business during…
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To our valued clients and friends:
The Secretary of Treasury appears to be moving the tax due date to July 15th:
"We are moving Tax Day from April 15 to July 15," Secretary Steven Mnuchin tweeted. "All taxpayers and businesses will have…
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Although most American taxpayers receive a refund each year when they file their income tax returns, there are those who for one reason or another end up owing. However, lots end up owing on April 15th and many don’t have the means to pay…
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The COVID-19 outbreak is affecting every facet of our lives – including our taxes. Check here for all your FAQ to see how you may be impacted.
Q: Has the government extended the filing deadline?
A: Yes, the federal government…
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Isler Northwest LLC is continuing to provide tax and accounting services during the COVID-19 pandemic, while also taking steps to protect the health and safety of our employees and our community. We are closely monitoring local, state and federal…
The Tax Cuts and Jobs Act (TCJA, often referred to as tax reform) generally became effective in 2018 and increased the federal estate and gift tax lifetime exclusion amount (LEA) from $5 million per person to $10 million per person. On top of…
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Taxpayers frequently ask what benefit is derived from a tax deduction. Unfortunately, there is no straightforward answer. The reason the benefit cannot be determined simply is because some deductions are above-the-line, others must be itemized,…
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If you are at or approaching the age of 70, you need to be aware of some changes that Congress made to the tax laws, effective starting in 2020. These changes will have direct impacts on you and the decisions you make related to your retirement…
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To encourage U.S. taxpayers to move away from gasoline-powered motor vehicles, over the years, Congress has provided various tax credits for purchasing electric or alternative fuel vehicles.
These credits generally come with an expiration…
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March 10 - Report Tips to Employer
If you are an employee who works for tips and received more than $20 in tips during February, you are required to report them to your employer on IRS Form 4070 no later than March 10.
Your employer…
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What Does the $2 Trillion Stimulus Package Mean for You?
2020 Stimulus Package, COVID-19Tax Day Change
COVID-19Can’t Pay Your Taxes? Payment Due Date Extended Because of COVID-19
COVID-19, Due Dates, TaxesCoronavirus and Taxes: Frequently Asked Questions (FAQ)
COVID-19Isler NW COVID-19 Announcement
COVID-19, NewsWhere is Estate Tax Going in the Future?
Estate PlanningWhat Does a Tax Deduction Save You?
DeductionsNew Tax Rules for Retirees
RetirementCongress Green-Lights Some Alternative Vehicle Credits
Deductions, Electric VehiclesMarch 2020 Individual Due Dates
Due Dates