Category: Taxes

Non-resident Wage Allocations for 2020

Washington residents who work for an Oregon employer may allocate their wages for days worked in and out of Oregon.  Income tax is due to Oregon only for days worked in the state.  Due to Covid-19, more people than ever are working from home.  This may be a good opportunity to reduce your Oregon income…

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Payments Made to the IRS

We have had an unusual number of clients who have made payments to the IRS this year of which the IRS has not cashed the check in a timely manner. The IRS had been sending notices of balance due to taxpayers who had already paid their tax. About two weeks ago, the IRS addressed this…

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IRA Distribution Requirements CANCELLED and More Delays

(Updated 4/10/20) IRA ACCOUNTS: TEMPORARY WAIVER OF REQUIRED MINIMUM DISTRIBUTION (RMD) RULES With the CARES Act, IRA participants who are required to take an RMD in 2020 based on the value of their IRA account as of December 31, 2019 now have the option to suspend their distribution for 2020.  If you already took an…

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IRS Delays Deadlines

(Updated 3/30/20) (Updated Oregon State and City of Portland/Multnomah County information) For most taxpayers, including corporations, the deadline to both FILE and PAY federal income taxes has been delayed until July 15. The federal government has now actually changed the due dates for returns. Interest and penalties are waived until July 15, 2020. We have…

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Washington Department of Revenue Updates

The due date for Annual filers of Combined Excise Tax Report has been changed to April 15. This report is for small businesses in Washington who have not met the gross revenue threshold for the Department of Revenue to assign a more frequent reporting period. In the past, the annual report filing deadline was January…

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Check the Status of Your Refund

You can check on the status of your refund online. You will need to wait at least three days after we have electronically filed your tax return(s). Generally, we file your return on the next business day after we receive your signed electronic filing authorization form. Links to the IRS and Oregon refund pages are:…

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