Beyond the Numbers

Tax Deadline Changes and What it Means to You

In light of the March 20 announcement from the U.S. Treasury extending the federal tax filing date to July 15, the below message shares how it affects our clients and the Integrated Tax Services team. Deadline ChangesThe U.S. Treasury announced the federal tax filing deadline has been extended to July 15. The Oregon Department of Revenue has adopted the same,…

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A COVID-19 Update

Integrated Tax Services has modified our daily operations to comply with COVID-19 precautions.  Starting Wednesday, March 18 our office is only open to drop-off tax documents, although mail or ShareFile is preferred. All completed returns will be mailed or provided electronically. We will be sure to contact you and confirm delivery method prior to sending…

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How to Succeed as an Independent Contractor

Are you one of the now 33% of Americans who work as either an independent contractor or freelancer? If you answer yes, you are now a participant in the gig economy, a modern term for an economy characterized by workers who earn money through short-term contracts or freelance work. Succeeding as an independent contractor can…

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The Pros and Cons of Renting Versus Buying

For many folks, the lyrics of a 1960s rock song summarize the American dream: “Our house is a very, very, very fine house.” According to U.S. Census figures, about two-thirds of American families are homeowners. But buying a house or condo may not be the best choice for every family in every situation. Renting offers the following…

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Live Streaming Entertainment is Changing!

If it’s between 9:30 am and 6 pm CST, a 28-year-old named Tyler Blevins—better known as Ninja—is most likely broadcasting himself playing video games. He’s also making an estimated $500,000 a month doing it. Blevins represents the new wave of visual entertainment and video game streaming. His popularity started to soar in late 2017 when…

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The IRS Data Theft Problem and How to Minimize Your Risk

What better place for online thieves to target than a database that contains 300 million+ Social Security numbers and a treasure trove of financial information? The IRS has 52 Internet applications to help U.S. citizens comply with their tax obligations. But these online portals, which collect, process and store large amounts of personal information and…

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New Rules Mean Saving More for Retirement

The Setting Every Community Up for Retirement Enhancement Act, also known as the SECURE Act, was passed by Congress in late December 2019. Here are some of the features in the new legislation that will help you save more for retirement: Money can continue to grow tax deferredIf you turn 70½ in 2020 or later,…

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Finding the Balance of Income vs. Spending

An IRS Primer Every Voter Should Know Every year the IRS publishes instructions to prepare your Form 1040, individual tax return. The publication for 2019 is a whopping 108 pages! On page 103 of the IRS booklet is a summary of collections (income) and spending (outlays) by the federal government. Given the election year, here…

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You NEED These Documents to File Your Taxes!

It’s easy to get inundated with documents during tax season. You can receive documents from many different organizations, including employers, financial institutions and others. Many documents are now also being sent via e-mail, which increases the likelihood it could get lost in your inbox. As tax season is quickly approaching, here are some of the…

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Valentine’s Day – Did You Know?

Saints, dogs and cash all play a role Cupid, candy hearts, flowers and chocolates are common items associated with Valentine’s Day. According to the National Retail Federation, Americans now spend more than $20 billion lavishing gifts on their kids, friends and significant others. But why? Who decided a day in the middle of February is…

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