December 2013

  • Filter by Category

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...

Despite Oregon’s continuing constitutional ban on same-sex marriages, the Oregon Department of Administrative Services announced today that all Oregon agencies will recognize the legal marriages of gay couples. If you like your laws to avoid needless complexity, this is good news:  it aligns Oregon’s position...

Last month the IRS released final tangible property regulations which include significant taxpayer-friendly changes and will challenge virtually every business effective January 1, 2014.  The basic requirements within the temporary regulations covering acquisition and improvements of tangible property issued in December 2011 remain intact.  Changes...

Earlier this summer, the Supreme Court ruled unconstitutional the provisions of the federal Defense of Marriage Act that prohibited same-sex married couples from utilizing the federal tax benefits accorded to heterosexual married couples. The specifics of the Windsor decision left ambiguous whether federal law would...

Stay in the loop; subscribe to our blog