Navigating the Tax Maze: The Importance of Professional Guidance

The United States tax system can be compared to an intricate roadmap, a fitting analogy beautifully illustrated by the Taxpayer Advocate Service (TAS). The TAS 'roadmap’ visually depicts a taxpayer’s journey through the tax system, highlighting the various stages from the filing process to audits, appeals, collections, and litigation.

Drink a Beer, Save for Retirement

When it comes to planning for the future, every little bit helps. In Oregon, there's a unique way to turn your everyday activities, like enjoying a beer, into a smart retirement strategy. Here's how the OregonSaves program and BottleDrop recycling can work together to help you build a more secure financial future.

Beware of Misleading Social Media Tax Advice

The IRS has issued an alert (IR-2024-139) warning about scams and misleading social media advice that lead to false claims for various tax credits. Fraudsters are using social media to spread false claims, resulting in delayed refunds, audits, penalties, and even...

What to Do if You Missed the Tax Filing Deadline

Missing the April deadline to file your 2023 federal income tax return can be stressful, but the IRS provides several options to help you get back on track. At Grants Pass Tax Service, we are committed to helping you navigate these options and minimize penalties and interest. 

Oregon’s Bold Move: Voluntary Race and Ethnicity Data Collection on Tax Returns

Oregon's new initiative is making waves — what does it mean for you?

Navigating Tax Challenges: What to do When You Can't Pay

Facing the reality of owing taxes you can't afford can be daunting, but fear not – the IRS offers options to help you meet your federal tax obligations. At Grants Pass Tax Service, we understand the challenges you might encounter, and we're here to guide you through the process.

Federal-Refunds-Dispelling-Common-Myths

After taxpayers finish filing their federal tax returns, the expectation of receiving a refund arises. Yet, various misconceptions frequently lead taxpayers astray. Here are several common myths that can be misleading.

Tax Tips for Freelancers and Gig Economy Workers

In the rapidly evolving landscape of work, traditional 9-to-5 jobs are no longer the only path to a successful career. While these non-traditional work arrangements offer many benefits, they also bring unique challenges...

Love and Taxes – How Marriage Affects Your Tax Return

Marriage is often described as a union of hearts and souls, a beautiful journey shared with a loved one. However, when it comes to taxes, marriage goes beyond just a romantic partnership; it becomes a financial partnership as well.

8 Benefits of Early Tax Filing

As the calendar turns, it's a new year and a fresh opportunity to get ahead in your financial planning. One excellent way to set yourself up for financial success is by filing your taxes early. In this article, we'll explore the eight advantages of early tax filing and how it can give you a head start...

The Ultimate Guide to Tax Preparation Services for 2024

Do you find yourself struggling to navigate through the ever-changing tax laws and regulations? You're not alone. Tax preparation can be a daunting task for individuals and businesses alike, but with the right guidance, it doesn't have to be. In this guide, we'll walk you through everything you need to know...

2023 Tax Return Update

As tax season arrives, Grants Pass Tax Service remains dedicated to serving as your reliable ally, offering guidance through crucial updates in tax laws to ensure a seamless and hassle-free filing experience.

Intaxication

While tax withholding is a helpful mechanism to make sure you're meeting your annual tax obligations, there's a catch. In many cases, individuals end up having too much withheld from their paychecks, creating a significant overpayment. While it’s nice to have a tax refund, it’s important to remember that essentially, you're giving the government an interest-free loan throughout the year. Wouldn't you prefer to have those funds working for you, earning interest, or boosting your investments? 

Year-End Tax Planning for a Stress-Free New Year

The year is quickly coming to a close, and as we wrap up and prepare for the year ahead, it's easy to overlook a critical financial aspect—year-end tax planning. While it may not have the same excitement as other year end events, it remains an essential step in securing your financial well-being. In this article, we'll delve into the significance of year-end tax planning and why it's a savvy financial move you should prioritize.  

What Happens to the Money You Donate?

Charitable contributions can be very beneficial come tax time, but have you ever wondered what happens to the money you donate to non-profit organizations? Or do you avoid donating because you don't know where it goes? Here is some information that can help you choose which charity to support.

No More Surprise Visits From the IRS

Hold onto your receipts and get ready to bid farewell to those unexpected knocks on your door – the IRS is rolling out a new policy twist that's set to rewrite the rulebook.

Oregon Kids' Credit Passed in an Effort to Support Families in Need

In a significant move, Oregon lawmakers have overwhelmingly passed the Oregon Kids' Credit (HB 3235), aiming to provide relief to families facing the increasing costs of raising children. The credit seeks to ensure that families in need receive the additional resources required to cope with their financial challenges.

Keeping Your Tax Records Safe During a Disaster

Want to keep your tax records safe during natural disasters? Read on for tips!

Oregon’s Naming and Shaming

Did you know that tax authorities sometimes use a strategy called "naming and shaming"? It's a way for them to publicly share the names of individuals and businesses that haven't fulfilled their tax responsibilities. Starting July 14, the Oregon Department of Revenue (DOR) will be publishing a list of delinquent taxpayers on their website...

Ways Summer Activities Can Impact Your Tax Return Next Year

With the arrival of warmer temperatures and longer days, summer is in full swing. But what many people don't realize is that the activities they engage in during this season can have a significant impact on their tax returns next year. To make sure you don't overlook any potential tax implications, here are some tips...

2023 Dirty Dozen

Every year, the Internal Revenue Service (IRS) releases a list of the top 12 tax scams called the "Dirty Dozen". This list is made to inform both taxpayers and professionals about the most common tax frauds used in the previous year. 

Amending Your Tax Return: What You Need to Know

Have you ever started organizing your things after filing your taxes and stumbled upon a 1099 or W-2 form for a short-term side job you did? Or perhaps you received a K-1 form after the tax deadline. Regardless of whether you forgot, made a mistake while filling out forms, or received important documents after filing, it is possible to correct...

Did You Miss the April 18 Filing Deadline?

If you missed the April 18 tax-filing deadline, it’s not too late to file! If you owe taxes and missed the deadline without requesting an extension, the sooner you file the better. This can prevent the accrual of penalties and interest.

Running Out of Time?

There’s no better time than the present to file a tax extension. If you are an individual tax filer
there are options for applying for an extension of time to file.

Do You Need to File a Tax Return?

Most U.S. citizens – though, not everyone –  need to file an income tax return each year. Here’s how to decide if you need to visit your local tax preparer this year!

Still Waiting on That Last W2 or 1099? Here’s What to do.

As of Feb. 24th, the IRS reports it's received almost 46 million federal returns and issued more than 35 million refunds. Is yours among them?

The IRS Won’t Answer the Phone?

If you’ve spent time in phone purgatory trying to get customer service help from the IRS, you are not alone.

It’s Smishing Season!

Smishing is a type of phishing scam where cyber criminals try to trick you by sending fraudulent SMS or text messages. The Internal Revenue Service (IRS) has issued a warning for taxpayers about a recent increase in IRS-themed smishing scams aimed at stealing personal and financial information.

Will Your 2022 Tax Refund be Smaller?

Many U.S. taxpayers may receive a tax refund shock when they file their 2022 tax returns. Even the IRS is warning taxpayers that refunds may be less.

Planning Ahead for 2023

Here we are… already, in 2023! Now is the perfect time to take steps to reduce your 2023 tax bill. Knowing the 2023 Federal tax brackets and standard deductions can help with tax planning strategies to avoid any tax return surprises next year. 

Tax Season is Just Around the Corner

We made it, and December is finally here. It’s time for wintry weather…and making year-end tax preparations. To help you prepare, we’ve outlined some of the tax inflation adjustments for the tax year 2022.