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.

learn more

  
  My Privacy Policy

  
  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 Explains 2011 Reporting for 2010 Conversions to Roth Accounts

The IRS has provided guidance to taxpayers who transferred amounts to a Roth account in 2010 in a taxable transaction. Generally, these taxpayers must report half of the income in 2011 and half in 2012, unless the taxpayer elected to report the income in 2010.

read more

IRS Decreases Business Mileage Rate to 55 Cents for 2009

IRS advises the public that the Internal Revenue Service is revising the optional standard mileage rates for computing the deductible costs of operating an automobile for business, medical, or moving expense purposes and for determining the reimbursed amount of these expenses that is deemed substantiated. This modification results from recent increases in the price of fuel.

read more

What is tax amnesty?

Tax amnesty is an opportunity for taxpayers to file or amend tax returns in exchange for a waiver of penalty and partial interest. The Oregon tax amnesty program does not apply to taxpayers who already owe a tax debt, whether or not you’re making payments.

read more

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.

read more

Shareholder Loans

Shareholder loans and constructive dividends.

IRS Code §7872

read more

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.

read more