Welcome Experienced CPAs Holliday and Zumach

Boldt Carlisle + Smith is pleased to welcome two experienced CPAs (Certified Public Accountants) to our team – Ross Holliday and Christa Zumach. Both work in our Albany office. Ross Holliday, CPA, CVA, CGMA, is an experienced CPA with extensive work in taxation, business consulting, and not-for-profit services. Ross worked with Johnson McGowan & Associates in…

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Beware “Phishing” Scams; Improve Your Cyber Security

As we enter into tax season where you will be in contact with us, your CPA, and several other tax or financial organizations, we want to turn your attention to cyber security. Over the last several years, fraudulent returns have plagued the IRS and taxpayers alike. If you haven’t been affected, you likely have a…

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Taxes and Tax Benefits to Expect from the Sale of Rental Real Estate

The local real estate market has been getting stronger over the past twelve months and listed properties are taking shorter amounts of time to sell.  Several of my clients have sold rental real estate properties in the past few months, so I think it would be a good time to review the taxes and tax…

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Bentz Named to Cannon Financial Institute Faculty

We are pleased to announce that Clint Bentz, CPA, CMA, has been selected as an adjunct faculty member for the Cannon Financial Institute Trust Tax School. Clint is an expert in family succession issues and leads the trust and estate practice group. He recently helped draft and pass the overhaul of Oregon’s estate tax laws. Cannon Financial…

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Carryovers to Next Tax Year – Who Should Know About These

Capital gains and qualified dividends are taxed at a variety of rates for federal tax purposes. Currently, the common rates include 0, 15, 20, and 23.8 percent. You might be surprised to know the characteristics of taxpayers who have been able to make use of the zero percent tax rate on capital gains and qualified dividends.

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Who Gets to Pay Zero Percent Tax on Capital Gains and Qualified Dividends?

Capital gains and qualified dividends are taxed at a variety of rates for federal tax purposes. Currently, the common rates include 0, 15, 20, and 23.8 percent. You might be surprised to know the characteristics of taxpayers who have been able to make use of the zero percent tax rate on capital gains and qualified dividends.

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Clint Bentz Speaks to Oregon Small Woodlands

In partnership with the Oregon Small Woodlands Association and support from OSU Forestry and Natural Resources Extension, Oregon Forest Resources Institute, Oregon Department of Forestry and the Oregon Tree Farm System, the Committee for Family Forestlands sponsored a symposium in January 2015 on these tax issues to describe the breadth of this subject and to…

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Claiming Charitable Contribution Deductions

For many individual taxpayers, a charitable contribution is a significant deduction on Schedule A, Itemized Deductions. These gifts may be made in the form of money (cash, check, credit card, or payroll deduction) or property (non-cash items). The form of donation and the amount of the donation will generally dictate the required documentation or substantiation that…

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What is NII and Will it Cause NIIT?

For tax years after December 31, 2012, individuals, trusts, and estates are subject to a 3.8 percent Net Investment Income Tax (NIIT), if their modified adjusted gross income (MAGI) exceeds a threshold amount determined by their filing status: married filing joint, married filing separately, or single.  Some of you may have experienced this new tax…

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Quarterly Tax Payments: Beware 90% May Be Greater Than 100% or 110%

In certain situations it is necessary for individuals to make estimated quarterly tax payments using the Form 1040-ES payment voucher.  Estimated tax payments are necessary when income is derived from sources that are not subject to withholding such as interest, dividends, gains from sales of assets, rental income, royalties, schedule E pass-through income, and self-employment…

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