Recent articles in The Oregonian laid accolades on the Oregon legislature for all they have done for us during this last session–really important things like banning puppy mills, making it illegal to “top off gas tanks when filling,” requiring calorie counts on chain restaurant menus, and raising the cost of higher education, which, by the way, has increased tenfold in [...]
Archive for the ‘Oregon Income Tax’ Category
Oregon Income Tax Increases – Sales Tax in Disguise?
Posted in Corporations, Oregon Income Tax, Tax Acts and New Tax Laws, tagged 2009 Oregon Legislature, C Corporations, Oregon corporation tax, Oregon excise tax, Oregon minimum tax, Oregon Tax Increases, sales tax, State of Oregon on July 2, 2009 | 1 Comment »
Oregon 2009 Individual Income Tax Increases
Posted in Individual Tax, Oregon Income Tax, Tax Acts and New Tax Laws, tagged 10.8% Oregon tax, 11% Oregon tax, 2009 Oregon tax, Governor Kulongoski, HB2649, Oregon exemption of unemployment income, Oregon Federal tax subtraction, Oregon Federal Tax subtraction phase-out, oregon individual tax, Oregon Senate, Oregon tax increase, unemployment income on June 16, 2009 | Leave a Comment »
In our previous post, we discussed the Oregon business tax increases resulting from House Bill 3405, which passed the Oregon Senate last Thursday. Coupled with HB3405 is the sister bill regarding individual tax increases – House Bill 2649. This bill is also headed for Governor Kulongoski, who has already made a statement of support for [...]
Oregon Business Tax Increase Update
Posted in Oregon Income Tax, Partnerships and LLCs, S-Corporations, Tax Acts and New Tax Laws, tagged Governor Ted Kulongoski, House Bill 3405, Oregon Business Filing Fees, Oregon business tax increases, Oregon C-Corporation tax, Oregon corporation tax, Oregon excise tax, Oregon LLC, Oregon Notary Publilc fee, Oregon Partnerships, Oregon Secretary of State, Oregon Senate, Oregon tax increase on June 16, 2009 | 1 Comment »
As many of you may already know, there was a bit of drama last Wednesday in the Oregon Senate when House Bill 3405, which increases taxes on corporations and businesses in Oregon, was derailed by just one vote. However, Thursday the vote changed and bill passed the Senate, and now it is on its way [...]
Oregon IDA Tax Credit
Posted in Individual Tax, Oregon Income Tax, Tax Tips, tagged 715 addition, 715 tax credit, charitable contributions, IDA, Individual Development Account Initiative, OR IDA credit, Oregon tax liability, year end tax planning on December 16, 2008 | Leave a Comment »
Tis’ the season for making your final charitable contributions for the year and helping out your community at the same time. If you are going to make only one contribution this year, I would highly suggest contributing to Oregon’s Individual Development Account (IDA) Initiative.
With a normal charitable contribution, you get an itemized deduction on the [...]
Oregon Political Contribution Credit
Posted in Individual Tax, Oregon Income Tax, Tax Tips, tagged Oregon Political Contribution Credit, Oregon Department of Revenue, ODR, PAC, ORS 316.102, Credit code 723 on December 14, 2008 | Leave a Comment »
It is this time every year that I start getting advertisements from different political action commitees advertising the Oregon political contribution credit while requesting contributions to their PAC. Many people just toss these mailings; however, if you haven’t already made a polictical contribution during the year – giving $50 ($100 if married filing joint) to [...]
PDXCPA Twitter Tax Updates
- Great new tax question and answer site - http://www.taxqueries.com/ 3 weeks ago
- IRS faces challenge on sole-proprietor expense deductions http://sbne.ws/r/32Y7 3 weeks ago
- Great resource - free Guide to financial decisions and implementing an end-of-life plan http://bit.ly/3SAL0U 3 weeks ago
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Recent Posts
- New Tax Q&A Website – TaxQueries.com
- Update on S-Corporation Failure to File Penalty
- Office In Home and Mileage Deductions
- Travel Expenses and Business Planning Trips
- Oregon Income Tax Increases – Sales Tax in Disguise?
- Single Member LLC Owner Liable for Unpaid Employer Payroll Tax
- Oregon 2009 Individual Income Tax Increases
- Oregon Business Tax Increase Update
- Loans from S-Corporation Shareholders
- LLC vs. S-Corporation, Round 1
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