Tax & Accounting Blog

New Property Tax Exemptions In Oregon

New Property Tax Exemptions In Oregon

Oregon — New Property Tax Exemption for Electricity System Property The following requirements are necessary to receive a new property tax exemption on high-voltage electricity system property: Property is used for high-voltage electricity transmission systems in the Pacific Northwest. Said property is leased to the United States. Said property may be purchased by the United … Read More

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Flintstones, Jetsons or Inspector Gadget? Regional Perspectives on Corporate Tax Compliance

At the American Bar Association’s “U.S. – Latin America Tax Planning Strategies” conference in Miami this week, I had the pleasure of speaking on a panel called “Managing Your Tax Compliance in Latin America – Systems, Processes, and People.”  Joined by tax professionals from Argentina, Brazil, and Mexico, we touched on trends in corporate tax … Read More

Why Nature of Income Matters on Payments to Foreign Vendors

Why Nature of Income Matters on Payments to Foreign Vendors

U.S. organizations making payments to vendors must determine whether the vendor is a U.S. person or a non-U.S. person because only payments to U.S. persons (actual or presumed) are covered by Form 1099 rules and procedures. The term U.S. persons includes U.S. citizens, resident aliens [based on IRC §7701(b) tax residency rules], and domestic entities. … Read More

Property Tax Exemptions and Corrections in Washington

Property Tax Exemptions and Corrections in Washington

Washington  –  Technical corrections, effective July 1, 2013 The Washington DOR has amended WAC 458-12-342 (related to the assessment of new construction)to correct citations Washington – Property Tax Exemption Amended  , effective July 1, 2013 The Washington DOR has amended WAC 458-16A-120 related to the property tax exemption for senior citizens, disabled persons, and 100% … Read More