1099 Reporting Requirements

New for 2020 is form 1099-NEC (non-employee compensation) and a redesigned form 1099-MISC. Taxpayers who have an active trade or business are required to prepare Form(s) 1099 to report various types of payments made during the year. The filing requirement does not...

Oregon Corporate Activity Tax

Oregon has established a new Corporate Activity Tax for all business entity types that conduct business in Oregon. Businesses with Oregon commercial activity in excess of $750,000 are required to register for the Corporate Activity Tax. A return is required to be...

Minimum Wage Rates

Effective Jan. 1, 2021, the Washington minimum wage rate increases to $13.69 per hour. The Oregon minimum wage rate increases to $12.75 per hour, unless within the Portland Metro Urban Growth Boundary where the rate will be $14.

Filing Due Dates

In 2020 the filing deadline for multiple types of returns are consistent with prior years. The various due dates are: W-2s – Feb. 1 for providing forms to employees and filing with Social Security Administration 1099s-NEC – Feb. 1 for providing forms to vendors and...