How to file the Arts Tax 2016

Go to Website: www.portlandoregon.gov/revenue/64194 The next page contains Art Tax Forms. This will give a list of Tax Years. Each year will have a choice of On-line filing or Mail-in Form. To file online – for 2016 click on the “Online Filing” and complete the forms on the next few pages. This will request payment…

IRS Refunds…..

IRS Debunks Myths Surrounding Tax Refunds As millions of people begin filing their tax returns, the Internal Revenue Service reminds taxpayers about some basic tips to keep in mind about refunds. During the early parts of the tax season, taxpayers are anxious to get details about their refunds. In some social media, this can lead…

What you should look for in a Licensed Tax Preparer or Consultant

What Should you look for in a Licensed Tax Preparer or Consultant? Tax Preparer Qualifications –Oregon Licensed Tax Preparer and Licensed Tax Consultant. Oregon requires 30 continuing education hours each year a Preparer is licensed. Each Preparer must pass an 80 hour course and pass a 4 hour Oregon State Board of Tax Preparers exam.…

Help Avoid Identity Theft

Avoid Identity Theft; Learn How to Recognize Phishing Scams Simply ask for it. That’s the easiest way for an identity thief to steal your personal information. Each day, people fall victim to phishing scams through emails, texts or phone calls and mistakenly turn over important data. In turn, cybercriminals try to use that data to…

Deadlines for 2016 Tax Year

Tax Deadlines Occurring in Calendar Year 2017 (for Tax Year 2016 Returns) Individual tax returns (Forms 1040, 1040NR, 1040A, and 1040EZ) Personal returns with ACTC or EIC refunds will be held until February 15th First deadline is April 17, 2017. Extended deadline is October 16, 2017. Partnership returns (Form 1065) First deadline is March 15, 2017(note change of…

Employers Face New Jan. 31 W-2 Filing Deadline; Some Refunds Delayed Until Feb. 15

IR-2016-143, Oct. 28, 2016                                                                           Español WASHINGTON — The Internal Revenue Service today reminded employers and small businesses of a new Jan. 31 filing deadline for Forms W-2. The IRS must also hold some refunds until Feb. 15. A new federal law, aimed at making it easier for the IRS to detect and prevent refund fraud,…

Transcripts?

Transcripts? As most of us know, Credit is important us. You see commercials all the time with statements advising to check your Credit report, know your history and notify an agency if you see strange activity. This helps maintain your reports and limits “damage” to your Credit. The IRS has a history of your taxes…

Federal Failure to File or Pay Penalties

Federal Failure to File or Pay Penalties** The number of electronic filing and payment options increases every year, which helps reduce your burden and also improves the timeliness and accuracy of tax returns. When it comes to filing your tax return, however, the law provides that the IRS and Department of Revenue can assess a…

Thinking about going back to school? You may qualify for a credit or reimbursement on your taxes.

If you pay for college in 2016, you may receive some tax savings on your federal tax return, even if you’re studying outside of the U.S. Both the American Opportunity Tax Credit and the Lifetime Learning Credit may reduce the amount of tax you owe, but only the AOTC is partially refundable. Here are a…

I filed my return. Where’s my check?

When to check status of your refund: Within 24 hours after the Department of Revenue has received your e-filed tax return; or 4 weeks after mailing your paper return. When the IRS processes your tax return and approves your refund, you can see your actual personalized refund date. Even though the IRS issues most refunds in…