Team iFindTaxPro

tax season
Tax blog
Team iFindTaxPro

In Oregon, tax season got off to a rocky start.

The Oregon Department of Revenue mailed personal tax refund information to the incorrect address for 5,000 taxpayers. The Oregon Department of Revenue admitted on Thursday that it transmitted personal tax refund information to the wrong address for around 5,000 individuals.

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State Sales Taxes

Activities that can establish sales tax nexus in a state There are several ways a business can establish sales tax nexus, or an obligation to collect Sales tax, including: Economic nexus Economic nexus is established when an out-of-state company’s sales

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State Income Taxes

Nexus Nexus, a connection between a business and the state, must exist for a state to impose an income tax. States establish the rules to use when determining how much in-state activity creates a nexus by a business. Often, this

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Corporate Liquidation

When a corporation liquidates, the value of the assets it holds as of the date of liquidation is included in its taxable income for that year.  The US shareholders then include the value of cash and other assets they receive

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 Meals and Entertainment

Meals during travel will be reimbursed as travel expenses based either on per diem allowance rates or actual amounts expensed (see Travel Expenses section for the rules on per diem allowance reimbursements). Business meals and entertainment are only reimbursable if

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