Author Archives: Adam Puckett, CPA

Oregon—Income Tax: Electronic Filing of W-2s

Effective for calendar year 2011, businesses and all payroll service providers are required to report Oregon personal income tax W-2 information electronically by March 31, 2012. “iWire Direct,” the direct filing option for W-2 information, will be available the first … Continue reading

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Congress approved extension for employee-side payroll tax cut

At the eleventh hour, Congress approved a two-month extension of the employee-side payroll tax cut in the Temporary Payroll Tax Cut Continuation Act of 2011.  The two-month extension, for January and February 2012, is intended to give lawmakers additional time … Continue reading

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State Tax Day – Current, S.17Oregon—Corporate, Personal Income Taxes: Second Tax Credit Auction Announced, (Nov. 30, 2011)

The Oregon Department of Revenue (DOR), in conjunction with the Oregon Department of Energy, has announced a second auction of tax credit certificates worth $1,000 each that can be used to offset corporate or personal income tax liability. The minimum … Continue reading

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Tax credit for energy-efficient home improvements

Individuals living in the United States and owning a home used as their principal residence are eligible for a nonrefundable tax credit up to $500 for certain residential energy improvements made to their home.  What energy-efficient home improvements are eligible? … Continue reading

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Revenue starved states look for new revenue from businesses

As states search for new ways to expand their tax bases, some are increasingly redefining the definition of “doing business” in the state, which is used to determine when a business is required to file a corporate income tax return. … Continue reading

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Washington state’s new nexus standard

Washington state’s new economic nexus standard went into effect on June 1, 2010.  Many business owners are shocked to learn that their company now has a business and occupation (B&O) tax exposure in Washington state without the business having a physical … Continue reading

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10 Most Important 2011 Tax Developments

The following is a summary of the most important tax developments that have occurred in the past three months that may affect you, your family, your investments, and your livelihood. Standard mileage rates increase for last half of 2011. The … Continue reading

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