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On March 27, President Trump signed into law another coronavirus (COVID-19) law, which provides extensive relief for businesses and employers. Here are some of the tax-related provisions in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).  Employee retention credit The new law provides a refundable...

Businesses across the country are being affected by the coronavirus (COVID-19). Fortunately, Congress recently passed a law that provides at least some relief. In a separate development, the IRS has issued guidance allowing taxpayers to defer any amount of federal income tax payments due on...

During this unprecedented time of global pandemic from COVID-19, Van Beek & Co. is following the guidelines of the CDC, and Governor Kate Brown’s recommendations of social distancing, while continuing our diligent work towards completing your tax return(s) in a timely fashion.  If you have...

March 19, 2020During this unprecedented time of global pandemic from COVID-19, Van Beek & Co., LLC is following the guidelines of the CDC, and Governor Kate Brown’s recommendations of social distancing.  We are continuing our diligent work towards completing your tax return(s) in a timely...

If you made large gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re required to file a 2019 gift tax return. And in some cases, even if it’s not required to file one, it may be beneficial to...

If you own a home, the interest you pay on your home mortgage may provide a tax break. However, many people believe that any interest paid on their home mortgage loans and home equity loans is deductible. Unfortunately, that’s not true. First, keep in mind that...