The Oregon State legislature approved SB 880, on 6/29/09 that provides tax amnesty for state taxpayers and businesses with back taxes stemming from 2007 or later. Taxpayers who need to file or amend a tax return may complete and send in the application before the November 19th deadline (it started October 1st, 2009) in order to ... Read More
Filing Taxes
Did You Miss the October 15th Tax Filing Deadline? What to Do
If you requested an extension on filing your 2008 taxes you were suppose to have filed by October 15th. If you missed the October 15th tax deadline and still haven’t filed that is ok, you can still file but you will likely face some penalties. The sooner you file, the fewer penalties you will receive. One important thing to ... Read More
File Unfiled Taxes By 10/15 or Face More State and IRS Penalties
For the estimated 10 million Americans who requested a tax filing extension with the IRS or their State for the typical April 15th filing deadline, realize that this extension was only good for 6 months or until October 15th, 2009. As you probably know, you had to submit an estimated payment with this extension (if you are ... Read More
Prevent Back Taxes and Report Gambling Winnings
If you win money by gambling, playing the the lottery, raffles, betting on horses, and the like you must report that to the IRS. This also means you must pay taxes using the market value of car, boat, or some asset you won. If you don't report it to the IRS, they could send you a bill for what they estimate you won. Typically ... Read More
How to Handle Filing IRS Back Taxes
Do you owe the IRS back tax returns? Are you moving slowly in fixing this problem because you don’t know what you are doing? When it comes to filing IRS back taxes you may be surprised at just how easy it can be. This doesn’t mean you don’t have work in front of you, though. There is a lot you need to do in order to handle ... Read More
Amending a Tax Return: What to Know and How to Do It
If you have made a mistake in a previous tax return filing, you can "correct" the situation by amending a return. In other words, an amended return is for taxpayers who need to make a change or adjustment on a return they ALREADY filed. However, realize you cannot amend a tax return if it has been three years since you last ... Read More
