isler northwest, portland

Don’t Toss Those Tax Records Yet!

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Article Highlights: Reasons to Keep Records Statute of Limitations Maintaining Record of Asset Basis  Even though the 2017 tax due date has come and gone, and even though you have filed your 2017 tax return, you may still need…
isler northwest, cpa

Not-Being-Insured Penalty Eliminated

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Article Highlights: Shared-Responsibility Payment Originated in 2014 Fully Effective in 2016 How It Is Calculated Eliminated in 2019 Note: This one of a series of articles that explain how the various tax changes in the GOP’s…
accountants, isler northwest, portland

Tax Filing Deadline Rapidly Approaching

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Highlights: 2017 balance due payments IRA contributions for 2017 Estimated tax payments for first quarter 2018 Statute of limitation 2018 refunds Just a reminder that the due date for 2017 tax returns is April 17, 2018! There…
isler, cpa, business advisors, portland

Estate Tax Exemption Doubled under Tax Reform

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Article Highlights Estate Tax Exemption Unused Exemption Portability Annual Gift Tax Exemption Check Your Beneficiaries Note: This is one of a series of articles explaining how the various tax changes made by the GOP’s Tax…
Living Abroad? Here Is How Tax Reform May Affect You

Living Abroad? Here Is How Tax Reform May Affect You

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If you are an expatriate living abroad, you may be wondering how the provisions of the Tax Cuts and Jobs Act (TCJA) will impact you. This is the most extensive tax change in over 30 years, and although it was touted as tax simplification when…
isler, cpa, business advisors, portland

Can’t Pay Your Taxes by the April Due Date?

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Article Highlights: What to Do If You Can’t Pay Loans Credit Card Payments IRS Installment Agreements Retirement Funds If you aren’t one of those lucky Americans who gets a tax refund from the IRS you might be wondering…
portland cpa firm, isler northwest

Tax Reform Limits Exchanges to Defer Taxes

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Article Highlights: Deferring Tax with Like-Kind Exchanges Changes Made by Tax Reform Impact on Trade-ins Note: This is one of a series of articles explaining how the various tax changes made by the GOP’s Tax Cuts & Jobs…
isler, portland accountants

Business Owners Beware: New Tax Law Severely Limits Entertainment Deductions

  Note: This is one of a series of articles explaining how the various tax changes in the GOP’s Tax Cuts & Jobs Act (referred to as “the Act” in this article), which passed in late December 2017, could affect you, your business…
cpa, business advisors, portland

How Small Businesses Write Off Equipment Purchases

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Article Highlights: Depreciation Materials & Supplies De Minimis Safe Harbor Expensing Routine Maintenance Unlimited Expensing Bonus Depreciation Sec 179 Expensing Mixing Methods From time to time, an owner of…
isler northwest, cpa

Medical Deductions & The New Tax Law

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Article Highlights: Medical Deductions Retained by the Tax Reform Law Adjusted Gross Income Floor Dropped to 7.5% The Standard Deduction Bunching Medical Deductions Unusual Medical Deductions Medical Dependents Divorced…