Blog: Accounting Unbuttoned

Where Perkins explores accounting topics and news.

As we reported in early April, the IRS has seen increasing numbers of fraudulently-filed individual tax returns in recent years. A small number of the individual tax returns we filed by April 15th could not be filed electronically due to tax refund-related identity theft from...

Filing one’s tax return each year can be stressful…and we’ve found an extra cause of stress this year in tax-return related identity theft. The IRS is encountering a much higher than normal volume of identity theft cases this year. In these situations, someone other than the...

The growth and influx of breweries around Oregon has reached staggering heights. Receiving national recognition, the Oregon brewer culture and Oregon brewers are advancing all areas of the industry. There appears to be endless opportunity for this exciting market, however, understanding your numbers and making...

The New Year has arrived, and with it, the 1099-MISC filing season.  Many small business owners and their accounting staff fear this half-page tax form, and understandably so.  The 1099-MISC looks simple but presents surprising complications.   If the 1099-MISC were required for all payments to all...

As 2013 draws to an end, we at Perkins find ourselves with a few tax planning tricks up our sleeves that we’d like to share. Congress may make look you in the eye and resolutely promise tax reform, but we suspect that the most we’ll get...

Welcome to the wacky world of the new 3.8% Medicare Surtax! Did you know it also applies to trusts? As we have previously reported, a 3.8% “Medicare Surtax” on net investment income (NII) has been in place since January 1, 2013. Income that just last year was...

The road to the final regulations has been an arduous one, and has involved significant revisions as the IRS solicited and received feedback. The good news is the IRS listened and considerably altered many aspects from the temporary regulations. The bad news is the regulations as...

It’s property tax assessment season, and, no, that headline is not a typo.  Welcome to the time of year where property owners get to see how last years’ vote is going to affect their pocketbook.  The results might trigger a bout of compression (and depression). You...

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