Oregon Supreme Court approves tax to fund state EV rebates
2018 Tax Laws, Finance Tips, Oregon, Tax Tips, TechnologyOriginal 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
Business, Economics, Finance, Finance Tips, Investment, Jobs, Personal Finance, Tax Reform, Tax Tips, TaxesArticle 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
Tax Tips, TaxesOffer 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
2018 Tax Laws, Gift Tax, Tax Tips, TaxesGift 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 an Inheritance Taxable?
Inheritance, Tax Tips, TaxesA 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…
How Long Should You Hold On To Old Tax Records?
Tax Tips, TaxesArticle 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?
Tax Tips, TaxesIf 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…
Got a Letter from the IRS?
Tax News, Tax Tips, TaxesArticle 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…
Summer Employment For Your Child
Tax News, Tax Tips, TaxesArticle 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…
Choosing Your Accounting Method Under New Tax Laws
Accounting, Tax Tips, TaxesBusinesses 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…