What a year 2020 has been?  We have had COVID-19, wildfires here in Oregon, a full moon coming on Halloween, and to top it off a Presidential election.  Yes, it is that time again where we, as US citizens, have the opportunity to go to the polls and vote for the candidates of our choice. …

Full Article >>

1. What is the Corporate Activity Tax? a. A corporate activity tax is imposed on each person (Defined in Question #4) with taxable commercial activity (Defined in Question #2) doing business in this state. b. The corporate activity tax imposed for each calendar year shall equal $250 plus the product of the taxpayer’s taxable commercial…

Full Article >>

This is our fifth installment of our monthly tax blog about the Tax Cuts and Jobs Act. This blog will revisit a topic discussed in our third installment, however this blog post will focus on how the Qualified Business Deduction affects specifically rental properties. General Overview of Qualified Business Income Deduction The Qualified Business Income…

Full Article >>