isler, cpa, business advisors, portland

Can’t Pay Your Taxes by the April Due Date?

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Article Highlights: What to Do If You Can’t Pay Loans Credit Card Payments IRS Installment Agreements Retirement Funds If you aren’t one of those lucky Americans who gets a tax refund from the IRS you might be wondering…
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Tax Reform Limits Exchanges to Defer Taxes

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Article Highlights: Deferring Tax with Like-Kind Exchanges Changes Made by Tax Reform Impact on Trade-ins Note: This is one of a series of articles explaining how the various tax changes made by the GOP’s Tax Cuts & Jobs…
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Business Owners Beware: New Tax Law Severely Limits Entertainment Deductions

  Note: This is one of a series of articles explaining how the various tax changes in the GOP’s Tax Cuts & Jobs Act (referred to as “the Act” in this article), which passed in late December 2017, could affect you, your business…
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How Small Businesses Write Off Equipment Purchases

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Article Highlights: Depreciation Materials & Supplies De Minimis Safe Harbor Expensing Routine Maintenance Unlimited Expensing Bonus Depreciation Sec 179 Expensing Mixing Methods From time to time, an owner of…
isler northwest, cpa

Medical Deductions & The New Tax Law

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Article Highlights: Medical Deductions Retained by the Tax Reform Law Adjusted Gross Income Floor Dropped to 7.5% The Standard Deduction Bunching Medical Deductions Unusual Medical Deductions Medical Dependents Divorced…
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If You Owe the IRS a Lot of Money, You May Not Want to Plan Any Out-of-the-Country Trips

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Article Highlights:   Seriously Delinquent Tax Debt Exceptions Passport Denial or Revocation As promised several months back, the IRS has begun to crack down on seriously delinquent taxpayers. A law passed on Dec. 4, 2015, requires…
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Personal Casualty Losses Axed by the New Tax Law

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Article Highlights: Casualty Losses Deduction Suspension Disaster Related Casualty Losses Insurance Coverage Note: The is one of a series of articles explaining how the various tax changes in the GOP’s Tax Cuts & Jobs…
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Tax Reform Cracks Down on IRA Recharacterizations

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Article Highlights: Tax Trap Traditional IRA Roth IRA Traditional to Roth Conversions Undoing a Conversion Note: The is one of a series of articles explaining how the various tax changes made by the GOP’s Tax Cuts &…
isler, cpa, accountants, portland, oregon

Yes or No? Simple answers to your tax questions

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Article by Danielle Wiener-Bronner | Found on CNN The changes to the new tax law are complex, and difficult even for experts to unpack. But some of the plan's provisions are straightforward enough for simple "yes" or "no" answers. 1. Does…
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Changes to the Child Tax Credit: What it Means for Families

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Article by Lydia DePillis | Found on CNN.com Parents will get twice as large of a tax credit for each child next year, under a compromise hammered out by the House and Senate Friday — although other changes to the bill mitigate the impact…