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Diane E Pallas, E.A., L.T.C., a former IRS agent, has over 16 years of experience in income tax auditing, department management, and instruction.

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  Attention Business Owners!

We are your business consulting source for all your small business needs:
  
 
  • Choosing entity type
  • Business Consulting
  • Startup consultation and organization
  • Helping small to mid-size businesses grow
  • Quarterly updates, ongoing consultation
  • Tax and business strategies
  


Need help with your IRS issues?

Diane E Pallas, E.A., L.T.C., a former IRS agent, will provide advice that legally will permit individuals, corporations and partnerships to minimize their tax burden. Diane is an accomplished accountant with over 16 years of experience in income tax auditing, department management, and instruction.

We will work with you to fulfill your needs, whether they be: Tax Organization & Preparation, Tax Representation, Research & Consulting, Individual Cash Flow Analysis, Passive Activity Losses, Forensic Accounting, Speaking & Instruction.

Life is too short to tackle these problems alone

Do you have tax problems? With over 15 years with the IRS, we can help you navigate the turbulent IRS waters. We have extensive experience with financial & tax planning, rental properties, S Corps & Partnerships. Whether you have problems with IRS, need help preparing your tax returns or forensic accounting services, contact us for a FREE initial one-hour confidential consultation.

Diane serves clients in the Portland Oregon area, as well asthroughout the Western US.

IRS Decreases Business Mileage Rate to 55 Cents for 2009

The IRS has announced that the standard business mileage rate for transportation expenses paid or incurred beginning January 1, 2009, will be 55 cents per mile, down from the 58.5 cents per mile rate in effect during the second half of 2008 [IR-2008-131, released 11-24-08].

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Office in the Home

The deductions will be allowed for a home office only if the office is exclusively used on a regular basis as a place of business by the taxpayer, & in the case of an employee, only if the exclusive use is for the convenience of the employer.

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IRS Has Revised Form 982

Homeowners whose mortgage debt was partly or entirely forgiven during 2007 may be able to exclude the cancelled debt by completing the newly-revised Form 982 and attaching it to their 2007 federal income tax return.

The IRS is now updating its systems and expects to begin accepting electronically-filed returns that include Form 982 by March 3. The paper Form 982 is being accepted now. The February 2008 revision of Form 982 is available on the IRS website.

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Stimulus Act Means Extra Money in Millions of Pockets

In an effort to energize the nation’s economy, the Economic Stimulus Act of 2008 was recently approved, setting forth a plan for more than 130 million Americans to begin receiving nontaxable rebate checks as early as May. These rebate checks will not reduce your refund.

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Shareholder Loans

Shareholder loans and constructive dividends.

IRS Code §7872

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Preparation for IRS Audits

IRS has over 100,000 employees who are divided into Operating Divisions which are based upon the type of taxpayers that are handled.

Service + Enforcement = Compliance is the new view of the IRS.

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