Tag Archives: taxes

A Dozen Deductions for Your Small Business

Small-business tax rule No. 1: Don’t mess with the IRS By Jeff Sorg, OnlineEd Blog     (March 9, 2016) – Bankrate.com is sharing their list of 12 tax deductions taken by “savvy small business owners and entrepreneurs.”  This list includes such items as: Home office Office supplies Furniture Other equipment Software and subscriptions Mileage Travel, meals, […]

Questions and Answers About Oregon’s Nonresident Withholding Tax On Certain Real Estate Transactions

Oregon requires a withholding of tax on certain real estate transactions of nonresident individuals and C Corporations that do not do business in Oregon Oregon Revised Statute 314.258 (2007 Enrolled House Bill 2592) provides for withholding of tax on certain real estate transactions of nonresident individuals and C Corporations that do not do business in Oregon. This […]

Exchanging Real Estate Requires Knowledge Beyond Pre-License Education

By Jeff Sorg Exchanging real estate is a specialized area of real estate that requires knowledge beyond that given in preparation for a real estate license. In the context of real estate transactions, an exchange will usually be an Internal Revenue Code (“IRC”) Section 1031 Tax Deferred Exchange. The tax deferred exchange involves the transfer […]

FREE Webinar: Business Taxes for the Self-Employed: The Basics

The IRS is holding a FREE webinar on Tuesday, March 29 for small businesses, self-employed persons, and independent contractors.  The webinar will include such topics as reporting profit or loss from a business or profession, self-employment tax and estimated tax payments, deducting business expenses, husband and wife businesses, recordkeeping, Schedule C and C-EZ, plus more. […]