Important Dates for Tax Year Ending 12/31/2019

December 31, 2019

• 2019 Solo 401(k) contributions are due

January 15, 2020

• Individuals - 4th Quarter 2019 estimated tax payments are due
• Farmers annual estimate is due if not filing by March 2, 2020

January 31, 2020

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IRS to Conduct Face-to-face Meetings with Noncompliant Taxpayers

The IRS has announced that agents will begin conducting face-to-face meetings with individuals and businesses with ongoing tax issues. These meetings will take place in areas with a limited number of available revenue officers due to declining IRS resources. According to the agency, the primary purpose of the meetings is to make contact with taxpayers with a previously known tax issue that...

Oregon Gross Receipts Tax- Update 11/19/19

In August, we let you know about the new Oregon Corporate Activity Tax (CAT).  We have a few more details to share, and several items that are still “in process” per the Oregon Department of Revenue (ODOR).

As a reminder, the Oregon legislature passed a bill levying a new tax on businesses with gross receipts over $1 million.  In general, the tax is calculated by...