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             …

Client Appreciation Shred Day! Shred Day, Saturday, October 26th  SAVE YOUR TAX RETURNS FOR 4 YEARS FROM THE FILING DATE …SHRED THE REST! When:  Saturday, October 26th Time:  10 am- 1 pm Where:  AccounTax of Oregon, Inc., 8050 SW Pfaffle St., Suite #110 Tigard – Parking Lot Event:  We will have a drive up service shred truck for direct shredding.…

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…