Was your 2018 federal tax refund less than normal, or – worse yet – did you actually owe tax despite usually getting a refund? If so, this was primarily due to the last-minute passage of the Tax Cuts and Jobs Act at the end of 2017. Because…
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Not sure whether it’s worth your while to hire a tax professional to do your taxes? Thinking that maybe this year you’ll take a run at it yourself? You may want to think again after taking a look at a new graphic released by the Taxpayer…
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If you are an employee of a corporation, as an incentive to continue employment, the company may offer you the option to purchase shares of the corporation at a fixed price at some future date so that you can benefit from your commitment to…
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Entrepreneurs don't necessarily need to be numbers people in order to succeed: You need drive, passion, the ability and will to follow things through, and the hustler's spirit that enables you to constantly try that new thing or relentlessly…
https://www.islernw.com/wp-content/uploads/2019/09/How-Business-Owners-Should-Conceptualize-Their-Financial-Results.jpg300833IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2019-09-20 08:50:532019-09-20 08:51:42How Business Owners Should Conceptualize Their Financial Results
Generally, when individuals have a hobby, they have it because they enjoy it and are not involved in their hobby with the goal of making money. In fact, most hobbies never make money or don’t even create any income, for that matter. Tax law…
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Throughout your life there will be certain significant occasions that will impact not only your day-to-day living but also your taxes. Here are a few of those events:
Getting Married – If you just got married or are considering getting…
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If you are a divorced or separated parent with children, a commonly encountered but often misunderstood issue is who claims the child or children for tax purposes. This is sometimes a hotly disputed issue between parents; however, tax law includes…
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There are many reasons to convert a home into a rental, such as to ensure that a prior home produces income and appreciation after the owner buys a new home; to maximize the tax benefits for an elderly person who can no longer live alone by…
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The late-2017 tax-reform package changed the rules for personal casualty losses, which now are only deductible if they occur in a federally declared disaster area. As a result, if a home is destroyed in a forest fire or other disaster within…
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September 1 - 2019 Fall and 2020
September 10 - Report Tips to Employer
If you are an employee who works for tips and received more than $20 in tips during August, you are required to report them to your employer on IRS Form 4070 no later…
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Is It Time for a Payroll Tax Checkup?
Business, Employees, TaxesSee the US Tax System Illustrated in One Complex Map
TaxesEmployee Stock Options Can be Taxing
Employees, Stocks, TaxesHow Business Owners Should Conceptualize Their Financial Results
Business, Business DevelopmentTax Issues Related to Hobbies
Tax Planning, TaxesLife Changing Events Can Impact Your Taxes
UncategorizedWho Claims the Children You or Your Ex-Spouse?
DivorceTax Issues That Arise When Converting a Home into a Rental
Home OwnershipDisaster-Related Tax Losses May Be Less Than Expected
2018 Tax Laws, DeductionsSeptember 2019 Individual Due Dates
Due Dates