Saving for retirement can be difficult at any time, especially taking the time to setup a retirement plan. Only about half of working Oregonians have access to employer provided retirement plans.  The rest must have initiative to do this on their own. In order to promote saving and to ease the burden on working Oregonians,…

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Comedian Brian Regan recounts: I was at the breakfast table this morning and I read in the newspaper that more and more adults are living at home with their parents. That surprised me, I was like “Mom did you read this?!?” Regardless of what their ever-so-clever children are doing, the somber truth is, more than…

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United Airlines will lose hundreds of millions in revenue for the public relations disaster dragging a customer off their airplane widely seen in a video gone viral; while the IRS will gain hundreds of millions in revenue for their public relations fortune dragging Wesley Snipes to jail and confiscating Tori Spelling’s bank account widely seen…

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Tax Scams

Tax scams have been increasing in number and complexity over the years. The IRS has seen an approximate 400 percent surge in phishing and malware incidents so far in the 2016 tax season. These scams have the intent of getting payment or information from taxpayers. Some of the latest methods include: Tax payments through iTunes…

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Companies have doubled their after tax income by using it, Forbes magazine estimate 6,000 companies use it, the Journal of Accountancy estimates 12,000 more companies are overpaying $1 billion in taxes by not using it, few companies appreciate its widespread availability, congress promised to reduce America’s trade imbalance with its creation in creation in 1984…

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Qualified Real Property

Depreciation can be a confusing topic, especially as a property owner. The IRS establishes multiple lives and methods for depreciating assets, making it frustrating and seemingly impossible to determine which life to assign and/or what method to use. Especially confusing can be all the different qualified real property categories and under what circumstances each applies….

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A recent article by Brendan Koerner published on the website of Wired Magazine is an interesting look at how the laws of one country affect the security of proprietary information in other countries, and how that information can be exploited. This is a summary of the article and I would encourage everyone to check out…

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Younger taxpayers often purchase life insurance to care for family members dependent on them if they were to die; but, elderly taxpayers often purchase life insurance to cover estate tax and other financial obligations they are responsible for if they were to die. Are life insurance proceeds taxable? Yes and no. Life insurance policies are…

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