Hello and Happy Soon to be Holidays! We are rapidly approaching the end of an eventful 2020.  As we get closer to the end of the year, there are a few items we wanted to make you aware of. Winter…

On March 20, 2020, it was announced by Treasury Secretary Steven Mnuchin that due to the ongoing Coronavirus emergency the filing deadline of April 15, 2020, has been officially moved to July 15, 2020.  This extended filing date applies to…

The Internal Revenue Service recently released IRS Notice 2020-17 outlining tax payment relief for taxpayers due to COVID-19 (Coronavirus) pandemic. In the media there has been uncertainty as to when are my taxes due and when do I have to…

We are happy to announce as of Monday, November 18, 2019, our office has moved to a new location. We are now located at 2270 SW 2nd St, Suite C. in McMinnville. For those who have not yet been to…

As of July 1, 2019, minimum wage workers across Oregon will be receiving a wage increase due to 2016 Oregon Legislature, Senate Bill 1532.  Beginning July 1, 2016, it calls for an annual minimum wage increase.  These prescribed increases will…

On Friday July 13, 2018, the IRS announced they will be publishing regulations related the suspension of miscellaneous itemized deductions and how it impacts non-grantor trusts and estate filings starting with tax year 2018. Currently the Tax Cuts and Jobs…

As of July 1, 2018, there are two new changes that are in place for employers and employees in the state of Oregon. Minimum wage will be receiving an increase and there is a new tax that has begun as…

As of July 1, 2018, minimum wage workers across Oregon will be receiving a wage increase due to 2016 Oregon Legislature, Senate Bill 1532. Beginning July 1, 2016, it calls for an annual minimum wage increase. These prescribed increases will…

Starting July 1, 2018 employers are to begin withholding one-tenth of a percentage or 0.1% for all wages earned in Oregon. This includes wages of all Oregon residents regardless of where the work is or was performed and wages of nonresidents who perform services in Oregon.

The Tax Cuts and Jobs Act, which was passed in December of 2017, brought large scale changes across the board. It significantly changed the landscape for taxes in general and in the realm of estate planning. It moved the estate exemption from $5,490,000 in 2017 to $11,200,000 per individual, meaning for federal estate tax purposes up to $11,200,000 of assets can pass to a non-spouse upon passing, free of Federal Estate Tax.