ev car charging

Oregon Supreme Court approves tax to fund state EV rebates

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Original Article by Catherine Morehouse Oregon Supreme Court approves tax to fund state EV rebates The Oregon Supreme Court approved the use of a privilege tax to fund the state's Clean Vehicle Rebate Program on Sunday, after AAA…

Kiddie Tax No Longer Based on Parents’ Tax Rate

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Article Highlights: Parents Attempting to Shift Income to Children Kiddie Tax Tax Reform Changes Tax on Child’s Unearned Income Tax on Child’s Earned Income Some years back, it was not uncommon for parents to put…
Offer in Compromise

Offer in Compromise

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Offer in Compromise FAQs We’re all responsible for paying our fair share of taxes each year. But what happens when the amount that you owe is simply out of reach? What happens if you failed to make payments in a timely manner and your financial…
Taxpayers Find Gift Tax Reporting Confusing

Taxpayers Find Gift Tax Reporting Confusing

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Gift taxes were created to prevent wealthy taxpayers from transferring their estates to their beneficiaries via gifts and thus avoid estate taxes when they pass away. But that does not mean only wealthy taxpayers need to be concerned with the…
Is Inheritance Taxable?

Is an Inheritance Taxable?

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A frequent question is whether inheritances are taxable. This is a frequently misunderstood question related to taxation and can be complicated. When someone passes away, all of their assets will be subject to inheritance taxation, and whatever…
tax tips, portland, oregon

How Long Should You Hold On To Old Tax Records?

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Article Highlights: The general statute: 3 years Longer durations in some states Fraud, failure to file and other issues that extend the statute’s duration Keeping the actual return Ordering copies of previously filed returns This…

Procrastinating on Filing Your Taxes?

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If you have been procrastinating about filing your 2017 tax return or have not filed other prior year returns, you should consider the consequences, including the penalties, interest, and aggressive enforcement actions. Plus, if you have a refund…
tax tips

Got a Letter from the IRS?

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Article Highlights:  Confirm the Letter Was Not Sent in Error Examine the Contents Avoid Procrastination, Which Leads to Bigger Problems Send Any Payments Consider Change-of-Address Complications Be Aware of ID Theft If…
business advisors, portland, oregon

Summer Employment For Your Child

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Article Highlights Higher Standard Deduction IRA Options Self-Employed Parent Employing Your Child Tax Benefits Summer is just around the corner, and your children may be looking for summer employment. With the passage of…
isler, business advisors, portland

Choosing Your Accounting Method Under New Tax Laws

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Businesses today must take a closer look at their accounting methods. Since the passage of new tax laws, with changes to thresholds for choosing accounting methods, all companies need to take an inward look at their current accounting methods…