Pinnacle Tax & Financial Services, LLC

07/19/2023

Congratulations Paula Jansen for earning your Master's in Taxation!!!

06/09/2023

Reminder:
2023 Federal, State, and Local 2nd Quarter Estimates are due Thursday, June 15th.

Note: Certain entities qualifying for the new PTE-E Oregon Estimates will pay from the business account, and must be registered through Revenue Online with Oregon Dept of Revenue.

11/18/2022

If you’re starting to think about your future and life in retirement, the has some helpful information you can use to make the best decision for you. Heard of an Individual Retirement Account or IRA? They allow you to make tax-deferred investments to provide financial security when you retire. There are a few things you should consider if you’re thinking of starting an IRA; to learn more click here: https://www.irs.gov/retirement-plans/individual-retirement-arrangements-iras

02/24/2022

If you or someone you know welcomed a child in 2021, check out the Recovery Rebate Credit. All eligible families are also encouraged to claim the Child Tax Credit on their IRS tax return. To learn more, click here: http://go.usa.gov/xtnRC

01/19/2022

Did you know that recent tax breaks may boost your refund this year? Read up on these 5 tax changes while you gather your documents:

There are many newly expanded but temporary provisions that will affect your federal tax return -- and refund -- this year.

01/19/2022

If you have a thriving business, you’ll want to ensure that a portion of your profits are allocated to retirement. Read more about this holistic approach to future planning:

Many business owners are hugely successful but making big bucks doesn’t mean they’re preparing for retirement. Too many pump all their money back into the business, which can be a dire retirement mistake.

01/13/2022

You may need to pay estimated taxes to avoid a tax bill and possibly a penalty. The final payment for 2021 is due Tuesday, January 18. https://go.usa.gov/xtCHV

01/13/2022

Offering services through an app? IRS has a Gig Economy Tax Center that offers you tax tips and resources. If you’re making estimated tax payments mark your calendars, your next payment is due 1/18. To learn more, click here: www.irs.gov/gigeconomy

01/11/2022

Checking your account online is a great way to for tax filing season. If you’re a first time user, authenticate your identity through the secure access process. Get started at www.irs.gov/getready

01/06/2022

The IRS is sending information letters to recipients of advance child tax credit payments and third Economic Impact Payments. These will be used to reconcile credits on the tax return.

Letter 6419, 2021 Advance CTC, includes the total amount of advance child tax credit payments taxpayers received in 2021 and the number of qualifying children used to calculate the advance payments. People should keep this and any other IRS letters about advance child tax credit payments with their tax records.

The IRS will begin issuing Letter 6475, Your Third Economic Impact Payment, to recipients in late January. This letter will help Economic Impact Payment recipients determine if they are entitled to and should claim the recovery rebate credit on their 2021 tax returns when they file in 2022.

Please retain these letters to use in preparing the 2021 tax return this season. https://www.irs.gov/newsroom/irs-issues-information-letters-to-advance-child-tax-credit-recipients-and-recipients-of-the-third-round-of-economic-impact-payments-taxpayers-should-hold-onto-letters-to-help-the-2022-filing-season

01/05/2022

IR-2022-03, January 5, 2022 — The IRS urges taxpayers to check into their options to avoid being subject to estimated tax penalties, which apply when someone underpays their taxes.

01/05/2022

It’s easy to write down your money goals for the new year, but remembering to stick to them is tough. Here’s a helpful game plan for keeping your financial resolutions and achieving success:

It's easy to come up with New Year's resolutions and even easier to break them. Experts give their advice on how to stay on track.