December 31, 2015
The IRS has announced the official start date of the 2016 tax filing season. This year there is no tiered opening and everyone can begin to file their returns on January 19, 2016. More importantly, the tax filing deadline falls on April 18th for 2016.
Taxpayers will be happy to know that this year they have 3 additional days to complete their tax returns because the District of Columbia celebrates Emancipation Day on April 16th but must observe the holiday on the nearest weekday, Friday April 15th. Therefore, Tax Day gets pushed out to the next business day, April 18th.
Please call the office at 541.388.7888 if you have any questions. Stay up to date on tax news and useful information by following us on Facebook and Twitter.
Last week, SGA received some clarification regarding the Oregon Commercial Activities Tax (CAT), the recently passed gross receipts tax that we told you about earlier this summer.
Oregon Department of Revenue (ODOR) hosted a two-hour webinar to discuss the tax. The following information is what we now have available to pass along to you. In review, the Oregon legislature passed...
Although the original tax filing deadline has come and gone, extension deadlines will be here before you know it. As you know, your returns are currently on extension.
If you have provided us all the information to complete your returns, thank you! We'll be in touch soon with any additional questions we may have prior to finishing your returns.
We wanted to update you on a recent development in Oregon’s gross receipts tax.
Several weeks ago, we notified you regarding a bill that had passed the Oregon legislature which levies a gross receipts tax on businesses with gross receipts over $1 million. The tax is $250 plus 0.57% of sales over that $1 million mark. A subtraction of 35% of the greater of labor costs...