Monday we will be saying, “It’s tax day!”, and to ensure you get your taxes in on time, the United States Postal Service has arranged late collection times at three local post offices. USPS locations in Portland, Salem and Springfield will offer mail pickup until midnight. Tax filers can drop their envelopes in the blue…

That’s right! Tax time is here again. There have been lots of changes to Federal and State quidelines. We are happy to discuss the changes in your intial interview for the year. An Organizer or Proforma has been generated for our clients based on last years return. Please contact the office and request yours today!…

Good morning to all! This Tax season has shown us some great opportunities for improvement. As we attempted to implement some of those opportunities we had a small Snafu! Our Email system and some other important systems we locked out. Our IT team has been working on it. We understand this may cause some frustration.…

FEDERAL – Estimated Tax for Individuals General Rule In most cases, you must pay estimated tax for 2018 if both of the following apply. 1. You expect to owe at least $1,000 in tax for 2018, after subtracting your withholding and refundable credits. 2. You expect your withholding and refundable credits to be less than…

Personal  Property Tax Returns are due at the County by March 15th. (Fairly new extended deadline). There is no extension allowed from the March 15th due date. The Returns are based on inventory of Business Use personal property at January 1st.  A table used personally at your home is not business use personal property, thus…

These items are important. The IRS will compare your return with statements received from the businesses and summer camps your child attended. If the IRS finds any differences, you may receive a letter advising to review and send proper documentation for explanation and/or adjustment of the return. When you have a Child care deduction for…

Here’s what taxpayers do when they have to file a new W-4 The IRS reminds taxpayers to look into whether they need to adjust their paycheck withholding. Taxpayers who do need to adjust their withholding should submit a new Form W-4, Employee’s Withholding Allowance Certificate to their employers. Taxpayers can use the updated Withholding Calculator…

Happy Tax Season! Here are some important dates to keep in mind. These dates include deadlines for tax returns and office closings for the remainder of the year. September: 9/01/18  Client Deadline – turn in any missing information to complete tax return for Corporations and Partnerships. 9/03/18 Monday Labor day – closed 9/17/18 Deadline for…

Sale of a Primary Residence   07/18/2018 This is just a nutshell of a synopsis and is no way complete—your situation may differ from anybody else’s. If you have lived in and owned your home for 2 full years out of the last 5, you may be able to exclude from income $250,000 of gain. The…

Use tax What is use tax? When is use tax due? How do I pay use tax? What is use tax? Use tax is a tax on the use of goods or certain services in Washington when sales tax has not been paid. Goods used in this state are subject to either sales or use…