Alert

With tax season fast approaching and it is taking the Internal Revenue Service (IRS) and Oregon Department of Revenue (ODR) 7-10 days to confirm your online account, we encourage you to create your accounts now to prevent payment delays. As technology evolves everyone, including the IRS and ODR, is moving toward only accepting online payments

Employers now have a new tool to share information with their employees about Paid Leave Oregon. The model notice poster informs employees about benefits and tells them about their rights and duties under the program. Employers must post the Paid Leave Oregon model notice poster at each work site, and they must share it electronically

If you would like to make the election, you will be required to register on Revenue Online before estimated payments can be made.Registration will open June 6, 2022. For the 2022 tax year, the first required estimated tax payment is due June 15, 2022. The first quarter estimate was not required, therefore the estimated payment due on

Imagine having filed and paid your taxes last year, then months later you get a letter in the mail from the IRS saying you didn’t. That’s what’s happening to many taxpayers this year thanks to automated notices being sent by the IRS. But if you got one, don’t panic. There’s a fair chance the IRS simply hasn’t seen what

Investors in cryptocurrencies may be sitting on big profits. Bitcoin and Ethereum, the two largest cryptos, are up 100% and 470% this year, respectively. Solana, another major coin, is ahead 13,300%, while the “joke” token Dogecoin has gained 49,000%. While the profits may have enriched crypto owners, taxes may be coming due soon, and the

Forms 1099 Businesses (including Schedule C’s, farms, and rentals) are required to prepare these annual informational returns for certain amounts paid during conduct of their trade or business. Recipient copies are required to be issued by January 31, 2022. We will be issuing more detailed information on this subject before the end of the year,