New Tax Due Dates & Extension Periods for Most Entities for Tax Year 2016
December 22, 2016
The short-term highway funding extension that passed during 2015 has modified the due dates for several common tax returns for Tax Year 2016 (Filing due date in 2017). The due...…
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Pass-Through Tax Rates
June 7, 2016
2015 marked the beginning of reduced personal income tax rates in accordance with Oregon House Bill 3601. The bill provides for reduced personal income tax rates on non-passive, flow-through income...…
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Military Tax Benefits
May 19, 2016
Military personnel make great sacrifices serving our country, some personal and some financial. Our great state of Oregon recognizes those sacrifices and offers some special tax privileges to compensate for...…
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Gambling Losses
May 12, 2016
Sometimes dealing with the IRS feels like rolling the dice at the craps tables in Vegas, because you never know what you are going to get. In order to put...…
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Claiming the Residential Energy Credit for Geothermal Heat Pump Property
January 11, 2016
Tax credits are available for individual taxpayers who install energy-efficient property in their residences. Section 25D(a) provides for a credit against a taxpayer's income tax equal to 30 percent of...…
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Personal Property Tax Returns Have A New Filing Date
January 7, 2016
As the new year begins, it is time to start thinking about and preparing for filing your Personal Property Tax Returns. Personal Property Tax Returns have a new filing date...…
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2016 Housekeeping
December 23, 2015
Now that 2015 is coming to a close it is time to start thinking about 2016 and all that comes with the new year. Below is a summary of housekeeping...…
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2015 Tax Law Changes
December 23, 2015
On December 18th, Congress passed and the President signed into law the “Protecting Americans from Tax Hikes (PATH) Act of 2015”. Included in the law are a number of individual...…
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Top year-end IRA reminders from the IRS
December 7, 2015
Max out your contribution and deduction limits. This is $5,500 ($6,500 if 50 or older), to a traditional or Roth IRA. This also applies to each person in a marriage,...…
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Everything you need to know about the FICA Tip Credit
November 16, 2015
Regardless of whether your club is primarily golf, yacht, tennis, or all of the above; chances are you have a food and beverage operation. The FICA tip credit is available...…
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