IR-2020-249, November 4, 2020 WASHINGTON — The Internal Revenue Service, state tax agencies and the tax industry today warned of a new text scam created by thieves that trick people into disclosing bank account information under the guise of receiving the $1,200 Economic Impact Payment. The IRS, states and industry, working together as the Security…

Paycheck Protection Program Gets One Month Reprieve! The Paycheck Protection Program was slated to end on June 30, but a last-minute bill in Congress extended it until August 8.  The forms and rules required for loan forgiveness are changing rapidly, mostly in the small business person’s favor…stay tuned. Where’s My State Refund?     https://revenueonline.dor.oregon.gov/tap/_/ Refunds…

We are taking a short break during our server maintenance, and will be out of the office July 17th-22nd. We will be monitoring calls and messages. You may call the office at 503-619-1040 and leave a message and we will return your call as soon as possible.  You may leave an email for Maxine to…

Tentative Schedule of Stimulus Payments 2020 This information is subject to change but you may find it useful. If your AGI from 2019 (if you have already filed a 2019 federal return) or 2018 (if you have not yet filed for 2019), to calculate when you can expect to receive your stimulus check or debit…

Beware of Stimulus Payment Scams Tax Professionals — here’s what taxpayers need to know about stimulus payment processing in order to protect themselves from scammers: Be alert for phone scams.  The Internal Revenue Service (IRS), Treasury Department, or any other government agency will not contact you by phone to collect information for stimulus payment processing.…

8050 SW Pfaffle St. Suite 110, Tigard, OR 97223    (503) 619-1040    Business No. B14044 We are open for business under the State Guidelines March 23, 2020. “Businesses that remain open must implement social distancing guidelines, keeping customers at least six feet apart.” July 15th is the new April 15th for 2020, now is the perfect…

March 18, 2020 Dear Valued Client, We want to assure all of our valued clients that we are still open and preparing tax returns.  This year we implemented SecureFile Pro, an encrypted web portal which enables us to send and receive confidential documents so you do not need to physically come to our office.  We…

January 2020 Email Blast Yippee! It’s Tax Time There have been many interesting changes in the Federal and Oregon tax laws.  Here are the more common ones: On Dec 20, 2019, President Trump signed a bill extending tax treatments which had expired.  These have retroactively been extended effective from Jan 1, 2018 to Dec 31, 2020.  Some…

On October 1, 2019, the Oregon Office of Economic Analysis announced that the surplus refund (kicker) rate is 16% (rumored potentially at 17.71%).  The kicker is a refundable tax credit claimed on the Oregon personal income tax, composite tax, or fiduciary income tax return for 2019.  To determine the credit amount, take the 2018 tax…

UPCOMING TAX DATE REMINDERS!   Extended 2018 tax return filing dates are fast approaching!  The due dates are: Entity                                                 Form                     Extended due date Sub S Corporations             …