March 2022 Individual Due Dates
March 10 - Report Tips to Employer
If you are an employee who works for tips and received more than $20 in tips during February, you are required to report them to your employer on IRS Form 4070 no later than…
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Article Highlights:
Withholding
Other Prepayments
Tax Credits
Earned Income Tax Credit
Child Tax Credit
American Opportunity Tax Credit
Recovery Rebate Credit
These days the tax return is used for more than just collecting…
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Article Highlights:
Definition of Tax Basis
Cost Basis
Adjusted Basis
Gift Basis
Inherited Basis
Record Keeping
For tax purposes, the term “basis” refers to the monetary value used to measure a gain or loss. For…
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Article Highlights:
Who Qualifies for Education Credits
American Opportunity Credit
Lifetime Learning Credit
Qualifications
Who Gets the Credit
1098-T
Qualified Expenses
If you think that education credits are just…
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Article Highlights:
Head of household filing status
Earned income tax credit
Child tax credit
Child care credit for certain working grandparents
Grandchild education credits
Medical and dental expenses
More and more individuals…
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For years, politicians have been talking about simplifying the process of filing federal taxes, but despite the promises, the process continues to be complicated and stressful. But as bad as preparing taxes can be, it pales in comparison to…
https://www.islernw.com/wp-content/uploads/2021/08/Blog-header-image-4-of-the-most-common-IRS-tax-problems-Isler-Northwest-CPAs-in-Portland-Oregon.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2021-08-27 12:00:492021-09-24 23:49:254 of the Most Common IRS Tax Problems
Article Highlights:
Mid-Year Planning
Avoiding Unpleasant Surprises
Events That Have Tax Consequences
All too often, taxpayers wait until after the close of the tax year to worry about their taxes and miss opportunities that…
Article Highlights:
Trading in a Vehicle
Selling a Vehicle
Gifting a Vehicle
Donating a Vehicle to Charity
If you are buying a new car, are you wondering what to do with the old one? You actually have a number of options, some…
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Article Highlights:
SSA Name Change
IRS Address Change
Postal Service Address Change
Tax Withholding
Tax Filing Status
Marrying A Non-resident Alien
Joint and Several Liability
Beware of Tax Scams
Most weddings…
https://www.islernw.com/wp-content/uploads/2021/08/Blog-header-image-getting-married-and-tax-related-issues-Isler-Northwest-CPAs-in-Portland-Oregon.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2021-08-06 21:21:332021-08-12 18:08:24Getting Married and Related Tax Issues
