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Tax Archives - Delap CPA

12 Dec

Opportunity with Risk: Is it Possible to Save or Stall the Loss of the State Tax Deduction?

December 12, 2017 | By | No Comments

This blog was updated on December 15, 2017 at 4:05 PM Update: At 3:30 PM today the House released the Conference Report on the Tax Cuts and Jobs Act.  The report includes a new provision that if it holds up and is voted into law, will eliminate the opportunity to prepay 2018 taxes and take […]

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29 Sep

Trump’s Latest Tax Proposal Revealed

September 29, 2017 | By | No Comments

By: Victoria Leca, Tax Staff Accountant On Wednesday, September 27, the Trump Administration revealed its latest tax proposal to the public. It is a nine-page document that aims to make the tax code “simple, fair, and easy to understand.” The goals of the plan are to provide tax relief to middle-class families and businesses, simplify […]

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23 May

What Would President Trump’s Tax Reform Mean For You?

May 23, 2017 | By | No Comments

Now that President Trump has been in office for a few months, we wanted to take this chance to review his official tax reform proposals that came out recently. So, what exactly are his goals, and how will these potential changes impact you, as business owners? Before we dive in, it is important to note […]

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20 Apr

Six Tax Tips for Oregon Short-term Rental Owners

April 20, 2017 | By | No Comments

1. Keep records, keep records, keep records For most people, their short-term rental is a side project. It’s a way to make a little extra money. The IRS, however, sees it as a business and you should be treating it like one. Keep records of who stayed and for how long, as well as payouts […]

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02 Mar

C Corporation to S Corporation: Why the Hype?

March 2, 2017 | By | No Comments

If you are the owner of a closely held C corporation, chances are your accountant has mentioned something to you about converting to S corporation status. Maybe you listened; maybe you didn’t. So, why does your accountant keep talking about S corporations anyway? Appreciated assets Today, chances are slim that any real estate is still […]

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