Congress uses tax deductions and tax credits to influence taxpayers’ actions. For instance, it seeks to stimulate taxpayers to reduce their energy consumption and moving away from the use of fossil fuels. In this article, we explore the benefits…
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The tax code places limits on the amounts that individuals can gift to others (as money or property) without paying taxes. This is meant to keep individuals from using gifts to avoid the estate tax that is imposed upon inherited assets. This…
https://www.islernw.com/wp-content/uploads/2019/04/Gift-and-Estate-Tax-Primer.jpg321855IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2019-04-25 02:56:512019-04-25 02:56:51Gift and Estate Tax Primer
May 10 - Report Tips to Employer
If you are an employee who works for tips and received more than $20 in tips during April, you are required to report them to your employer on IRS Form 4070 no later than May 10. Your employer is required…
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Tax reform made a lot of changes, some of which impacted employees’ fringe benefits. This article reviews the most frequently encountered fringe benefits, including those that were and were not impacted by tax changes. These changes can affect…
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With the shortage of affordable housing these days, many homeowners are renting out rooms in their homes, providing themselves with some additional cash. Questions that are often raised in regard to room rentals include: Is the income taxable?…
https://www.islernw.com/wp-content/uploads/2019/04/Tax-Treatment-of-a-Room-Rental-1.jpg321855IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2019-04-13 00:33:212019-04-13 02:32:58Tax Treatment of a Room Rental
Have you received all of your W-2s? These documents are essential for completing individual income tax returns, as they include the taxable amount of your wages and the amount withheld for federal and (if applicable) state income tax, along…
https://www.islernw.com/wp-content/uploads/2019/03/Are-You-Missing-a-W-2.jpg321855IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2019-03-29 23:24:552019-03-29 23:24:55Are You Missing a W-2?
There are both opportunities and pitfalls for IRA owners, and while you definitely don’t want to get caught up in a pitfall, you may want to take advantage of the opportunities. IRAs come in two varieties: the traditional and the Roth. The…
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As a reminder to those who have not yet filed their 2018 tax returns, April 15, is the due date to either file a return (and pay the taxes owed) or file for an automatic six-month extension (and pay the an estimate of the taxes owed). Caution…
https://www.islernw.com/wp-content/uploads/2019/03/The-Tax-Filing-Deadline-Is-Around-the-Corner.jpg321855IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2019-03-23 06:58:392019-03-23 06:59:14The Tax Filing Deadline Is Around the Corner
Every interaction with your customers can enhance your image. Here’s how QuickBooks Online contributes to that.
Getting paid by your customers—on time, and in full—can take some effort on your part. You set smart due dates and enforce…
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Retirement is the endgame for most people — it's literally why we work so hard our entire lives. But it's also no longer a situation that is as straightforward as it once was, particularly as far as financial planning is concerned.
According…
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The Tax Benefits of Going Green
Environment, Green Incentives, Tax Tips, TaxesGift and Estate Tax Primer
Accounting, Estate Planning, Gift Tax, Savings, Tax Planning, TaxesMay 2019 Individual Due Dates
Accounting, Business, Employees, Finance Tips, Personal Finance, Small Business, TaxesEmployees’ Fringe Benefits after Tax Reform
Business, Employees, Tax ReformTax Treatment of a Room Rental
2018 Tax Laws, Rental Property, Tax PlanningAre You Missing a W-2?
Business, Corporate, Tax Tips, TaxesTax Tips for IRA Owners
Tax Tips, TaxesThe Tax Filing Deadline Is Around the Corner
TaxesCould Your Sales Invoices Be Better? How QuickBooks Online Can Help.
Accounting, Business, Finance, Finance Tips, QuickbooksCombating Retirement Anxiety and the Fear of Running Out of Money
Retirement