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Tax Archives | Delap CPA


12 Jun

Oregon Residents to Pay Sales Tax in Washington on Tangible Personal Property

June 12, 2019 | By | No Comments

The Washington Department of Revenue released a notice on May 31, 2019 explaining a change to the sales tax exemption for qualified nonresidents. Starting July 1, 2019, Oregon residents will no longer be exempt from sales tax in the state of Washington at the point of sale. Prior to July 1, 2019, an Oregon resident […]

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05 Jun

Key Takeaways From the Latest Proposed Opportunity Zones Regulations

June 5, 2019 | By | No Comments

Authors: Josh Hight & Joshua Caddel, CPA The topic of opportunity zones has been building steam for the last nine months and the second round of proposed regulations has only added fuel to the fire. Recently, our own Melissa Wall hosted a webinar condensing the top takeaways from the 169-pages released by the IRS in […]

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03 Jun

Oregon Adopts Business Gross Receipts Tax

June 3, 2019 | By | No Comments

On May 16, 2019, Governor Kate Brown signed HB 3427 also known as “The Student Success Act.” The bill is estimated to generate nearly $2 Billion worth of revenue every two years through a gross receipts tax on Oregon commercial business activity.  This will be an entirely new concept to many Oregon businesses as a […]

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22 May

Like-Kind Exchange vs. Opportunity Zones

May 22, 2019 | By | No Comments

Like-kind exchanges and opportunity zones are both ways investors can defer taxes. But, what are the differences between the two, and is there a better option? Opportunity zones are one of the hottest topics in the real estate and investment communities right now. They’re an attractive tax strategy because of the three separate tax benefits […]

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15 May

New Backup Withholding Requirements from the IRS

May 15, 2019 | By | No Comments

Authors: Joshua Caddel, CPA and Haley Norwood, CPA The IRS recently released a reminder that the TCJA reduced the backup withholding tax rates from 28% to 24%, while bonuses and other supplemental income backup withholding tax rates were lowered to 22%. Any payments exceeding $1 million, subject to the backup withholding, require withholding at a […]

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