Helpful Tax Tips For 2019
As the year draws to a close, we have pulled together a number of tax tips that may be beneficial, some of which need to be acted on before the end the of the year to be useful for 2019.
Entries by IslerNW
Is Your Will or Trust Up-to-Date?
When was the last time you or your attorney reviewed or updated your will or trust? If it was before the passage of the 2017 tax reform legislation, or the Tax Cuts and Jobs Act (TCJA), your documents may be out of date.
December 2019 Individual Due Dates
Don’t forget these important December due dates for individual and business filings, reporting, payments, and more.
Tax Benefits for People with Disabilities
Individuals with disabilities as well as parents of disabled children are eligible for a number of income tax benefits. This article explains some of these tax breaks.
Year-End Tips for Charitable Contributions
As the end of the year and the holiday season approach, we will all see an uptick in the number of charitable solicitations arriving in our mailboxes and by email. Since some charities sell their contributor lists to other charities, frequent contributors may find themselves besieged by requests from all sorts of charities with which […]
Holiday Gifting with a Tax Twist
Some holiday gifts you provide to members of your family, employees, and others may also yield tax benefits. Here are some examples:
Take Advantage of the Education Tax Credits
As with everything taxes, the devil is in the details, and that includes the education tax credits, which come in two types with some different rules for each. Many people think the credits are for sending their children to college, which is true, but the credits are also available to you and your spouse (if […]
How to Create Projects in QuickBooks Online
If you’re using QuickBooks Online Plus or Advanced, you can create projects and track their profitability.
The IRS Is Hot on the Trail of Unreported Virtual Currency Transactions
Back in 2018, Coinbase, a company handling virtual currency (also referred to as cryptocurrency) transactions, released the data of 14,000 of its users to the IRS after the information was subpoenaed, and virtual currency traders held their breath about what the IRS would do with the information related to those 14,000 users.
Tax Changes For 2019
As the end of the year approaches, now is a good time to review the various changes that impact 2019 tax returns. Some of the changes are likely to apply to your tax situation. In addition, be aware that various tax-related bills currently in Congress may or may not pass this year. If any of […]