News
Trusts and the 3.8% Medicare Surtax
Welcome to the wacky world of the new 3.8% Medicare Surtax! Did you know it also applies to trusts? As we...
Act Now or Pay Later: Unraveling the New “Repair” Regulations
The road to the final regulations has been an arduous one, and has involved significant revisions as the IRS solicited...
Oregon Recognizes Out-of-State Same-Sex Marriages
Despite Oregon’s continuing constitutional ban on same-sex marriages, the Oregon Department of Administrative Services announced today that all Oregon agencies...
Oregon Budget Deal Good for Active Owners of Partnerships, LLCs, S Corps
Last week, the Oregon legislature passed HB 3601 as part of the “grand bargain” that, among other provisions, changes individual...
Tangible Property Update
Last month the IRS released final tangible property regulations which include significant taxpayer-friendly changes and will challenge virtually every business...
Married In Any Jurisdiction Means Married Under Federal Tax Law
Earlier this summer, the Supreme Court ruled unconstitutional the provisions of the federal Defense of Marriage Act that prohibited same-sex...
Changes to Oregon Individual Income Tax Deductions for 2013 and 2014
The Oregon Legislature did not pass any big tax bills this session, but they did limit a favorite deduction for...
Employer Health Insurance Mandate Delayed until 2015
The Treasury Department announced yesterday that it has decided to delay the effective date of the employer health insurance mandate...
Post-DOMA, Clarity for Oregon’s RDPs?
Yesterday was an interesting day for tax practitioners and estate planners who work with same-sex couples! As much as we...
Managing the Impact of 2012 ATRA Tax Rate Increases
The American Taxpayer Relief Act of 2012 was signed into law on January 2, 2013. While it included a lot...
Arts Tax Deadline Extended to May 15th
Good news Portlanders, the Arts Education and Access Tax (“Arts Tax”) filing deadline moved from April 15th to May 15th. ...
Online Filing Available for Portland Arts & Education Access Tax
The City of Portland Revenue Bureau is now accepting payments for the Arts Education and Access Income Tax (“Arts Tax”)...
American Taxpayer Relief Act – Estate and Gift Tax Provisions
As has been widely reported, we averted the “fiscal cliff” doomsday scenario by our fingernails when the Senate passed the...
IRS Releases New Information About Medicare Tax Surcharges
Starting January 1, 2013, two new tax “surcharges” will apply to income earned by individuals making more than $200,000 per...
IRS Announces 2013 Inflation Increases to Certain Key Indexes
On Thursday, October 18, the IRS and the Social Security Administration released various inflation adjustments to key limits and exclusions....