August 20, 2015
On July 31, 2015 President Obama signed into law a transportaion bill, providing funding for highway transportation issues and veterans healthcare. The bill also included some unexpected modifications to tax return and extension dates.
The most notable changes come to the filing deadlines for partnerships and C corporations. Both due dates have been altered by one month with partnerships having to file one month earlier, and C corporations gaining a month. This makes partnership due dates March 15 for a calendar year or the 15th day of the third month following the close of the fiscal year. C corporations now have to file by the 15th of the fourth month following the close of their fiscal year. The good news is both are allowed a six month extension (in most cases) through 2026.
The new due dates apply to the taxable years following December 31, 2015, so generally, this will be a non-issue until you file your 2016 returns in 2017.
If you have any questions, please call the office at 541.388.7888.
2019 income tax filing deadline extended
The US Treasury Secretary announced March 20, 2020 the deadline to file 2019 individual income tax returns has been extended to July 15, 2020. In a previously released statement, Oregon Department of Revenue indicated they would conform the state filing deadline with any changes made at the federal level. We will...
The Federal government retroactively extended many tax breaks that may affect your 2019 and 2018 tax returns. Extended tax breaks that impact personal income tax returns include:
It has come to our attention that at least one client has received an email appearing to be from “Steve Greer” that asks the recipient to click a link to retrieve documents. This email is a hoax and should be deleted immediately – DO NOT click on the link provided.
If you receive an email that appears suspicious, the first step you should follow...