The IRS is reporting that it is resuming “certain collection and enforcement processes that had been suspended because of the coronavirus pandemic.”
On June 15, 2021, this process kicked off as the IRS started contacting taxpayers who…
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If there’s anything we all learned from 2020, it’s that things can change in a heartbeat and that the unexpected can create real havoc. Though there’s nothing you can do to stop fate’s freight trains from barreling down the tracks, there…
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Hello Vital Life Board and Ambassador Board Members,
Yesterday I had the opportunity to be a part of a KOIN TV interview congratulating two of our charitable partners, Friends of the Children and Meals on Wheels People for going…
https://www.islernw.com/wp-content/uploads/2021/06/Isler-Northwest-CPAs-in-Portland-Oregon-blog-header-image-Vital-Life-Foundation.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2021-06-21 20:23:312021-06-21 20:42:51Supporting the Vital Life Foundation
Owning your own small business is a dream that few are fortunate enough to realize, but even those new to the joys of entrepreneurial self-determination need to spend time thinking about how you’re going to eventually leave the business. No…
https://www.islernw.com/wp-content/uploads/2021/06/ExitStrategy.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2021-06-17 12:00:462021-07-06 17:08:42Exit Strategy: How to Create One for Your Small Business
Article Highlights
Slow Refunds
COVID-19
Economic Impact Payments
Recovery Rebates
Unemployment Debacle
Using 2019 Income to Compute 2020 EITC and Additional Child Tax Credit
Other Issues
Where’s My Refund Tool
…
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Article Highlights:
If You Don’t Rent Your Property
If You Rent Your Property
Rented Fewer Than 15 Days
Personal Use Is Less Than the Greater of 15 Days or 10% of the Rental Days
Personal Use Exceeds the Greater of 14 Days…
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Article Highlights:
Filing Status
Claiming the Children as Dependents
Child Exemption
Head-of-Household Filing Status
Tuition Tax Credit
Child Care Tax Credit
Child Tax Credit
Earned Income Tax Credit
Alimony
If…
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Article Highlights:
Tax Recordkeeping Tips
Receipts
Auto Deductions
Gifts
Business Equipment
Ordinary and Necessary
Meals & Lodging
Entertainment
Home Office
With the ever-increasing complexity of our tax…
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Tax Planning to Help New Franchisees
investment can be a wonderful opportunity, but it also involves a completely unfamiliar set of rules when it comes to your taxes. Whether you are considering becoming a franchisee or are already involved,…
https://www.islernw.com/wp-content/uploads/2021/05/TaxPlanning_Franchisees.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2021-05-31 12:00:412021-07-06 17:09:12Tax Planning to Help New Franchisees
June 1 - Final Due Date for IRA Trustees to Issue Form 5498
Final due date for IRA trustees to issue Form 5498, providing IRA owners with the fair market value (FMV) of their IRA accounts as of December 31, 2020. The FMV of an IRA on the last…
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The IRS is Resuming Collection & Enforcement Activities That Were Paused During COVID-19
COVID-193 Reasons Paying Your Bills Early Will Benefit You
Debt, Finance Tips, Personal FinanceSupporting the Vital Life Foundation
Community InvolvementExit Strategy: How to Create One for Your Small Business
Small Business, Startup, UncategorizedHaven’t Received Your Tax Refund Yet?
Tax Refund, TaxesTax Issues Related to Renting Your Vacation Home
Rental Property, TaxesTaxes and Divorce
Divorce, TaxesRecordkeeping Tips to Keep the IRS Away
Finance Tips, Tax Tips, TaxesTax Planning to Help New Franchisees
Business Development, Entrepeneurship, Small BusinessJune 2021 Individual Due Dates
Business, Tax Planning