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…
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.
It is official! The state of Oregon has approved a $463 million kicker related to the 2016 tax year. The surplus means that the State of Oregon will be kicking income tax dollars back to Oregon taxpayers. Although taxpayers will…