New Approach to Service Revenue in Portland and Multnomah County
Starting in 2023, Multnomah County/City of Portland (Mult/PDX) changed [...]
Pass-Through Entity (PTE) – Elective Tax
In July 2021, Oregon established an elective Pass-Through Entity Tax [...]
New Multnomah County Preschool For All Personal Income Tax
In November 2020, the voters of Multnomah County approved a [...]
Advanced Child Tax Credit & Third Round Stimulus Payments
Advance Child Tax Credit If you received Advanced Child Tax [...]
New Metro Support Housing Services
In May 2020, the voters in the greater Portland area [...]
Oregon Pass-Through Entities (PTE) Reduced Tax Rate
Oregon has had a special reduced tax rate (generally up [...]
Prevent the UBIT trap of corporate sponsorships
Landing a corporate sponsorship is an accomplishment, especially in [...]
Who Needs An Estate Plan?
Who needs an estate plan? Quick answer: Everyone Despite [...]
Discounts on Future Purchases Make for Tricky Deductions
Retail businesses will sometimes run customer loyalty programs that offer discounts on future gasoline purchases after qualifying purchases are made which customers may end up not using before the expiration date. The IRS says that you cannot deduct these discounts on your business income tax return until they are actually applied to purchases. Despite the IRS stance on this issue a taxpayer was able to win a case against it in the Third Circuit Court recently which reiterated the fact that this is a complicated issue.
Eliminate Anxiety With New Time and Effort Rules
New single Audit guidelines due out later this year [...]