Blog: Accounting Unbuttoned

Where Perkins explores accounting topics and news.

On December 3, 2014 the AICPA Employee Benefit Plan Audit Quality Center issued a Plan Advisory, The Importance of Hiring a Quality Auditor to Perform Your Employee Benefit Plan Audit. The advisory was prepared to provide plan sponsors, plan administrators, and trustees with an understanding of...

As the expression goes, change is inevitable. This year, change in accounting method may also be inevitable. We’ve previously discussed the far-reaching IRS regulations on the deductibility of repairs, maintenance and supplies costs. Those rules provide complex guidelines for determining whether a cost can be expensed...

“What on earth is an estate tax?” As there are many foreign countries that do not have estate/inheritance taxes, this is a question you might hear when dealing with the executor of a non-US decedent who left certain assets located in the US. Estate tax...

Since the Affordable Care Act was passed in 2010, there have been plenty of articles discussing one of its new taxes, the Net Investment Income Tax (NIIT), which assesses an additional 3.8% tax on the investment income of individuals and trusts. (For instance, we posted...

Day in and day out you’re bombarded with endless variations of that same question. Invariably, this question leads to the topic of a 401(k). It's promised as the panacea for your dim, penniless future. But the signal to noise ratio can be deafening, and, often...

We recently posted about the federal tax consequences of owning a vacation home. This post explores a possible Oregon tax consequence for non-Oregon residents who own vacation property in Oregon. Considering moving outside of Oregon? This post also lays out some factors the Oregon Department...

Whether you love the beach, mountains or desert, Oregon offers plenty of scenery for us to enjoy. Places to hike, ski, bike, fish, rock-climb, kayak, or just read a good book in a beautiful place. It’s your vacation and the options are endless! In honor...

Expert advice bombards the casual observer on a daily basis with ways to tax plan and achieve the greatest benefit for your unique situation. But like pop radio love songs, over-identification with what you hear can lead to misunderstanding and error. Understand that the advice...

To any individual who has a foreign bank account and to any person with tax reporting responsibilities for a multinational business, this post is for you! If you work in taxation, you’ve probably seen the abbreviation FATCA, which stands for Foreign Account Tax Compliance Act....

Federal judge Michael McShane ruled on May 19th that Oregon’s prohibition on same-sex marriage was unconstitutional. We devoted a lot of space last summer to the tax consequences of the unraveling of the Defense of Marriage Act, including its consequences for state income tax filings. In...

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