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Jesse Salzwedel, Author at Delap CPA

24 Sep

Five New Audit Campaigns

September 24, 2018 | By | No Comments

On September 10, 2018, the IRS Large Business and International Division (LB&I) identified five new audit campaigns that expand the focus areas under its issue-based examination program. Audit campaign summary: IRC Section 199 There is expected to be an increase in audits to ensure compliance for business entities that file Domestic Production Activity Deduction (DPAD) […]

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16 Aug

Tax Benefits to Investing in Opportunity Zones

August 16, 2018 | By | No Comments

August 16, 2018 — A new section of the Tax Cuts and Jobs Act provides taxpayers an incentive to invest capital gains in low-income communities. In other words, these newly created “Opportunity Zones” provide options for property owners to reduce their overall tax liability while generating economic growth. All 50 states, the District of Columbia, and U.S. […]

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08 May

Navigating the New Oregon Transit Tax

May 8, 2018 | By | No Comments

May 8, 2018 – The 2017 Oregon Legislature passed House Bill 2017, which includes a new statewide transit tax that becomes effective July 1, 2018. Oregon employers will be required to start withholding an additional 0.1% for the statewide transit tax from the wages of Oregon residents and nonresidents who perform services in Oregon. This tax […]

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