The latest news of interest to multifamily housing investors in Oregon and Washington.
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Thursday, October 22, 2009
Act Now! Oregonians Have Until Nov. 19th To Take Advantage of Taxpayer Amnesty
Taxpayers with a tax deficiency and flying under the radar of the Oregon Department of Revenue were given a break when Governor Kulongoski signed Senate Bill 880 on July 15, 2009. The new law created a voluntary tax amnesty program for Oregon individuals and corporations with tax deficiencies resulting from unfiled or underpaid tax returns. The program's goal is to provide incentives to delinquent taxpayers to move forward, resolve their outstanding tax obligations, and provide for future compliance with state tax laws. Eligible taxes include corporate income and excise tax, personal income tax, inheritance tax, and Lane and Tri-Met Transit District self-employment taxes for all tax years prior to 2008.