Tax Time

It's Tax Time!

This is our favorite time of the year, where we get to see all of our wonderful clients and share in your trials and triumphs of the past year. We have pre-scheduled tax preparation appointments for our clients for the months of February, March, and April. By now you should have all received your pre-scheduled tax appointment in the mail. If you have moved recently and are certain that we do not have your new address, please drop Fern a line at office@mbtaxpro.com to keep us up to date. If the appointment you receive does not work please call or email Fern to reschedule. We have appointments still open throughout the week, and on some evenings and weekends. If you tell us what you need, we will do our best to schedule you at your convenience.

Forms and Important Due Dates

We are staying with our commitment we made last New Year to "go green" and so we won't be mailing out Organizer worksheets this year unless you request one from Fern through email at office@mbtaxpro.com or by phone at 503.595.5890. We have posted all of our forms in PDF format conveniently online at our website, so please take a look and see if there is a form there that works best for your tax organization. If you aren't sure what form is best for your organization this year, drop Fern a line and she will email you the form that suits your needs for 2009.

Also! 1099s are due to the IRS by the end of the month. If you still need forms they are free at the IRS office located at 1220 Southwest 3rd Avenue, Portland, OR 97204-2871. Remember, businesses have a March 15th filing deadline, one month before the Individual deadline date of April 15th, so we will need your end of the year numbers by February 15th to prepare a thorough and timely return.

Your Tax Questions and Our Tax Answers

Q: I want to donate money to the Haiti earthquake relief effort. I heard something about my contribution being deductible for 2009. Is that true?

A: That is correct! People who give to charities providing earthquake relief in Haiti can claim these deductions on the tax return they are completing this season, according to the IRS. Taxpayers who itemize deductions on their 2009 return qualify for this special tax relief provision, enacted January 22nd, 2010. Only cash contributions made to these charities after January 11th, 2010 and before March 1st, 2010 are eligible. This includes contributions made my text message, check, credit card or debit card. "Americans have opened their hearts to help those affected by the Haiti earthquake," said IRS Commissioner Doug Shulman. "This new law provides an immediate tax benefit for the many taxpayers who have made generous donations."

MBtaxpro.com

Portland, OR 97210

David Bixel

Erin Murphy