Article Highlights:
New Clever Scammer Scheme
Uses Economic Impact Payments as Bait
The Text Message
How to Report a Scam
How to Correctly Provide Information to Claim a Payment
The IRS has warned taxpayers of a clever scheme…
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Dear friends and clients,
On Wednesday, November 18, the IRS issued further guidance regarding the tax deductibility of business expenses paid with Paycheck Protection Program loan proceeds. The article below published in Forbes.com and…
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Article Highlights:
De Minimis Fringe Benefits
Cash Gifts
Gift Certificates
Group Meals
FICA and Wage Withholding
It is common practice this time of year for employers to give their employees gifts. Where a gift is infrequently…
https://www.islernw.com/wp-content/uploads/2020/11/Employee-Holiday-Gifts-May-Be-Taxable.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2020-11-19 05:07:302020-11-21 20:31:39Employee Holiday Gifts May Be Taxable
From the FI Tax Guy
How do you pass your family’s house to your children? It’s a pressing question and involves significant tax, legal, and emotional considerations. Unfortunately, it is a topic about which there is much confusion.
This…
https://www.islernw.com/wp-content/uploads/2020/11/TRANSFERRING-A-PRIMARY-RESIDENCE-TO-CHILDREN.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2020-11-09 23:31:102020-11-09 23:35:16Transferring a Primary Residence to Children
We’ve all been there. Life is super busy. We have to take care of our families and friends, work obligations, and all our other everyday responsibilities. With all of the hustle and bustle, you realize that the October 15th tax extension…
https://www.islernw.com/wp-content/uploads/2020/11/What-Happens-if-I-Missed-the-October-15th-Tax-Extension-Deadline.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2020-11-09 23:15:212020-11-09 23:15:21What Happens if I Missed the October 15th Tax Extension Deadline?
From Accounting Today
Between the upcoming presidential election and the COVID-19 pandemic and its attendant stimulus packages, this year has seen more than its share of uncertainty around tax — which makes helping clients…
From the Oregon Society of Certified Public Accountants
WASHINGTON — Victims of the Oregon wildfires and straight-line winds that began on Sept. 7 now have until Jan. 15, 2021 to file various individual and business tax returns…
https://www.islernw.com/wp-content/uploads/2020/10/IRS-PROVIDES-TAX-RELIEF-FOR-OREGON-WILDFIRE-VICTIMS.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2020-10-03 03:27:532020-10-07 03:30:55IRS Provides Tax Relief for Victims of Oregon Wildfires
Article Highlights:
October 15 extended due date for filing federal individual tax returns for 2019.
Late-filing penalty.
Interest on tax due.
Other October 15 deadlines.
Because of the COVID-19 pandemic emergency, the IRS…
https://www.islernw.com/wp-content/uploads/2020/10/October’s-Extended-Due-Date-Is-Fast-Approaching.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2020-10-02 04:50:402020-10-07 04:51:10October’s Extended Due Date Is Fast Approaching
Article Highlights:
$500 Per Child Stimulus Payment
Non-Filer Tool
Those Who Have Already Used the Non-Filer Tool
Those Who Haven’t Used Non-Filer Tool
How Payment Will be Made
Get My Payment Tool
Non-Filers
The…
https://www.islernw.com/wp-content/uploads/2020/10/Individuals-Have-a-New-Opportunity-to-Receive-500-Economic-Impact-Payments-for-Their-Children.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2020-09-12 04:13:012020-10-07 04:16:48Individuals Have a New Opportunity to Receive $500 Economic Impact Payments for Their Children
Ever since the coronavirus pandemic began impacting the United States, businesses around the country have responded by instituting work-from-home policies. While it is unclear how much longer the nation will be in the grips of the crisis, social…
https://www.islernw.com/wp-content/uploads/2020/09/How-States-are-Reshaping-Nexus-Laws-for-Remote-Employees-Due-to-COVID-19.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2020-09-06 03:49:072020-09-23 03:54:47How States are Reshaping Nexus Laws for Remote Employees Due to COVID-19
Beware of New Text Scam Related to Stimulus Payments
COVID-19, Scams, Stimulus PaymentsIRS Clarifies Stance On No Deductibility Of Expenses Paid With PPP Funds
2020 Tax Laws, CARES Act 2020, COVID-19, Paycheck Protection ProgramEmployee Holiday Gifts May Be Taxable
2020 Tax Laws, Gift Tax, Holidays, Tax Planning, TaxesTransferring a Primary Residence to Children
2020 Tax Laws, Financial Planning, Gift Tax, Inheritance, Tax TipsWhat Happens if I Missed the October 15th Tax Extension Deadline?
Tax Planning, Tax Tips, TaxesTop 10 year-end tax planning tips
2020 Tax Laws, Accounting, Tax Planning, Tax TipsIRS Provides Tax Relief for Victims of Oregon Wildfires
2020 Due Dates, 2020 Stimulus Package, 2020 Tax Laws, COVID-19, OregonOctober’s Extended Due Date Is Fast Approaching
2020 Due Dates, 2020 Tax LawsIndividuals Have a New Opportunity to Receive $500 Economic Impact Payments for Their Children
2020 Stimulus Package, COVID-19, Tax NewsHow States are Reshaping Nexus Laws for Remote Employees Due to COVID-19
COVID-19, Tax News, Tax Planning, Tax Tips, Taxes