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Island County, Washington: Your Trusted Tax Advisor for Tax Planning in the county

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Carlos *****
Freelance designer
Q. Do offer services, LLC formation and S Corp filing. How about bookkeeping.
"FlyFin offers LLC tax filing and S corp filing services, but not LLC formation. The app helps track expenses and deductions with AI technology. Visit our website for more information."
Sahil
Handyman
Q. Hello, I live and work in Upstate NY. I am thinking about becoming a co-owner for an apartment in NYC. I will receive rental income from that property. How that works for tax purposes?
"As a co-owner of an NYC apartment, you'll owe federal, NY state, and city income tax on the rental income based on your tax bracket. Remember to report this income on your tax returns. Contact us for more information." - Team FlyFin
Kathleen *********
Retired
Q. I have some land I want to sell to my nephew. I was wondering about the tax basis/capital gains and if he pays me in installments, how do that affect my tax rate each year?
If you sell land to your nephew in installments, you can spread the capital gain recognition over time. The tax rate on the gain depends on your income and ownership duration. Long-term gains are taxed at lower rates, while short-term gains are taxed at ordinary rates. For more details, visit https://www.irs.gov/taxtopics/tc705. Hope this helps clarify your query.
Dylan *****
Rideshare driver (Uber, Lyft etc.)
Q. Need to file taxes for year 2023
Looking to file your 2023 taxes? FlyFin can help. Simply download the app, start your free trial, and submit your tax documents under the "Taxes" tab. Get started today!
peter
LLC
Q. if I have an LLC and it's a single-member LLC. Do I have to file state or federal taxes for IRS? Since it's an LLC, would I just file my taxes since its as a sole proprietor?
You will need to file state taxes with the state and federal taxes with the IRS for your single-member LLC. Simply include a Schedule C in your 1040 tax return. As specialists in single-member LLC taxes, we can provide the best assistance.
Mary
Construction contractor
Q. Hello, my business is registered in Wyoming for anonymous reasons. My business operates in Indiana. What do I need to do to prevent any legal or tax penalties? Will I have to pay state taxes in both states? Thank you!
"Hello Mary, to provide accurate advice regarding state taxes for your business operating in Indiana while registered in Wyoming, could you please specify if your business is a Single member LLC or a multimember LLC? This will help tailor our guidance to your specific situation. Looking forward to your response. Team FlyFin"
Carlos *****
Freelance designer
Q. Do offer services, LLC formation and S Corp filing. How about bookkeeping.
"FlyFin offers LLC tax filing and S corp filing services, but not LLC formation. The app helps track expenses and deductions with AI technology. Visit our website for more information."
Sahil
Handyman
Q. Hello, I live and work in Upstate NY. I am thinking about becoming a co-owner for an apartment in NYC. I will receive rental income from that property. How that works for tax purposes?
"As a co-owner of an NYC apartment, you'll owe federal, NY state, and city income tax on the rental income based on your tax bracket. Remember to report this income on your tax returns. Contact us for more information." - Team FlyFin
Kathleen *********
Retired
Q. I have some land I want to sell to my nephew. I was wondering about the tax basis/capital gains and if he pays me in installments, how do that affect my tax rate each year?
If you sell land to your nephew in installments, you can spread the capital gain recognition over time. The tax rate on the gain depends on your income and ownership duration. Long-term gains are taxed at lower rates, while short-term gains are taxed at ordinary rates. For more details, visit https://www.irs.gov/taxtopics/tc705. Hope this helps clarify your query.
Dylan *****
Rideshare driver (Uber, Lyft etc.)
Q. Need to file taxes for year 2023
Looking to file your 2023 taxes? FlyFin can help. Simply download the app, start your free trial, and submit your tax documents under the "Taxes" tab. Get started today!

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Facts and figures about
Island County, Washington

washington
population

86,857

County Population

population

Coupeville

County Seat

population

209 sq mi

County area

population

9%

Island County sales tax rate

😵‍💫 1 Washington CPA for every 300 residents results in high CPA rates

😓 19 million taxpayers missed the filing deadline last year

😨 30 million taxpayers miss deductions without the right tax expert

😣 Almost 1/2 of all Americans pay more tax than necessary

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Washington State Income Tax Rates & Brackets for 2023

The following tables represents Washington's income tax rates and tax brackets:

SINGLE FILER

Brackets

Rates

n.a

7.00%

MARRIED FILING JOINTLY

Brackets

Rates

n.a

7.00%

Filing Status

Standard Deduction Amt.

Single

$250,000

Couple

$250,000

Island county Sales Tax Rates for 2023

City

Sales Tax Rate

Tax Jurisdiction

Oak Harbor

9%

Oak Harbor

Camano Island

8.80%

Island

Coupeville

8.80%

Island

Clinton

8.80%

Island

Langley

8.80%

Island

Freeland

8.80%

Island

Greenbank

8.80%

Island

Frequently Asked Questions

How does online tax filing in Island County Washington work?

What does CPA mean in Island County Washington ?

What exactly does a Island County Washington CPA do?

What makes Smart CPAs different?

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Why does FlyFin offer Smart CPAs?

FlyFin was developed for freelancers, gig workers, independent contractors and sole proprietors because they're responsible for so much more when it comes to taxes and are more in need of expert tax advice than perhaps any other kind of taxpayer. With a robust artificial intelligence, FlyFin tracks business expenses automatically for self-employed individuals and identifies every possible tax-saving write-off. FlyFin also makes it possible for any kind of taxpayer to file taxes and leave 95% of the work to FlyFin CPAs. They prepare tax returns with guaranteed 100 percent accuracy, saving taxpayers time and money. By downloading the FlyFin app, they can complete the process of getting their taxes in fewer than 15 minutes.
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