Congratulations! You've worked hard on your degree and are ready to move forward with your first job and other major life decisions. While your degree and this first job don't necessarily set your life in stone, now is a crucial time to start…
https://www.islernw.com/wp-content/uploads/2019/08/Personal-Finance-Tips-for-Recent-College-Graduates.jpg300833IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2019-08-23 21:19:092019-08-23 21:19:09Personal Finance Tips for Recent College Graduates
Every year, the vast majority of taxpayers file their returns with the IRS between the end of January and the April due date. However, the IRS does not just take taxpayers’ word regarding the information on their returns. For this reason,…
https://www.islernw.com/wp-content/uploads/2019/08/Watch-Out-for-Those-Fake-IRS-Letters.jpg300833IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2019-08-23 00:22:442019-08-23 00:23:12Watch Out for Those Fake IRS Letters
If you are like most investors, you occasionally will pick a loser that declines in value. Sometimes, a security can even become worthless when the issuing company goes out of business.
Gains and losses for securities, including stock,…
https://www.islernw.com/wp-content/uploads/2019/08/How-to-Write-Off-Worthless-Stock.jpg300833IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2019-08-14 01:31:272019-08-14 01:31:27How to Write Off Worthless Stock
U.S. citizens and residents with a financial interest in or signature or other authority over any foreign financial account need to report that relationship by filing FinCEN Form 114 if the aggregate value of the accounts exceeds $10,000 at…
The IRS announced in late July 2019 that it is ramping up its campaign to ensure that taxpayers with cryptocurrency transactions report these transactions on their income tax returns – and report them correctly – by sending “educational”…
https://www.islernw.com/wp-content/uploads/2019/08/The-IRS-Is-Cracking-Down-on-Cryptocurrency-Tax-Transactions.jpg321855IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2019-08-03 09:58:352019-08-03 09:58:35The IRS Is Cracking Down on Cryptocurrency Tax Transactions
Anyone who collects tips must include those tips in their taxable income. This requirement is not limited to waiters and waitresses; it applies to anyone who collects tips, including taxicab, Uber, Lyft, and similar drivers; beauticians; porters;…
https://www.islernw.com/wp-content/uploads/2019/07/Receiving-Tips-Can-Be-Taxing.jpg321855IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2019-07-27 03:47:592019-07-27 03:47:59Receiving Tips Can Be Taxing
August 12 - Report Tips to Employer
If you are an employee who works for tips and received more than $20 in tips during July, you are required to report them to your employer on IRS Form 4070 no later than August 12. Your employer is required…
https://www.islernw.com/wp-content/uploads/2019/07/August-2019-Individual-Due-Dates.jpg321855IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2019-07-24 01:55:192019-07-24 01:55:19August 2019 Individual Due Dates
If you are considering borrowing funds to finance your college education or that of your spouse or children, it is important that you understand that the student loan interest deduction is not limited to the interest paid on government student…
https://www.islernw.com/wp-content/uploads/2019/07/What-You-Need-to-Know-about-Student-Loan-Interest.jpg321855IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2019-07-19 21:30:502019-07-19 21:30:50What You Need to Know about Student Loan Interest
“Home office” is a type of tax deduction that applies to the business use of a home; the space itself may not actually be an office. One of the following must apply to be able to deduct home office expenses.
The home office:
Must…
https://www.islernw.com/wp-content/uploads/2019/07/Small-Business-Owners-May-Qualify-for-a-Home-Office-Deduction.jpg321855IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2019-07-13 04:14:112019-07-13 04:14:11Small Business Owners May Qualify for a Home-Office Deduction
According to the Internal Revenue Service (IRS), just about 2 million Individual Taxpayer Identification Numbers (ITINs) are set to expire at the end of 2019.
ITINs are used by people who have tax filing or payment obligations under U.S.…
https://www.islernw.com/wp-content/uploads/2019/07/Does-Your-Tax-ID-Number-Need-to-be-Renewed.jpg321855IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2019-07-11 01:38:582019-07-11 01:38:58Does Your Tax ID Number Need to be Renewed?
Personal Finance Tips for Recent College Graduates
College, Personal FinanceWatch Out for Those Fake IRS Letters
ScamsHow to Write Off Worthless Stock
Deductions, TaxesForeign Account Reporting Requirements (FBAR)
Foreign Taxes, TaxesThe IRS Is Cracking Down on Cryptocurrency Tax Transactions
2018 Tax Laws, TaxesReceiving Tips Can Be Taxing
Tax Tips, TaxesAugust 2019 Individual Due Dates
Business, Due Dates, TaxesWhat You Need to Know about Student Loan Interest
Interest, Student LoansSmall Business Owners May Qualify for a Home-Office Deduction
UncategorizedDoes Your Tax ID Number Need to be Renewed?
Business, Taxes