Canby Tax Center

Tax preparation service in Canby, OR (show on map)

5.0

★★★★★

6 reviews

Tax preparation and consulting firm serving the Canby area since 1984, offering personal and business tax services.

Call (503) 266-2123

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About

Canby Tax Center was founded in 1984 by Darrell Wagner, who began his career at the IRS in Dayton, Ohio in the early 1970s and transferred to the Portland IRS office in 1978. Kathy Wagner joined the practice in February 1991 after nine years with Ernst and Young.

The firm serves individuals, sole proprietors, partnerships, LLCs/LLPs, Subchapter S Corporations, C Corporations, trusts & estates, and out-of-state returns. Services include income tax preparation, AgriPlan/BizPlan (Section 105 health plan), new business startup consulting, personal service with affordable fees, e-filing, and a quality service guarantee. The firm is located at 181 N. Grant St. #102, Canby, OR 97013 and has been serving the Canby area for 36 years.

Serving the Canby area for 36 years

Owners with IRS and Ernst and Young experience

Affordable fees

Year-round service

Quality Service Guarantee (100% reimbursement of interest and penalties for errors)

E-filing with award-winning software at $25 flat rate

Services

Income Tax Preparation

Tax preparation for individuals, sole proprietors, partnerships, LLCs/LLPs, Subchapter S Corporations, C Corporations, trusts & estates, amended and old-year returns, and out-of-state returns.

Year-round service E-filing available Affordable fees

AgriPlan/BizPlan

Accident and Health Plan pursuant to Section 105 of the Internal Revenue Code allowing qualifying small business owners and farmers to deduct 100% of health insurance, dental insurance premiums, and uninsured medical, dental, and vision care expenses for eligible employees and family.

100% deduction of family health costs Covers employee, spouse, and dependents Available to corporations and partnerships

New Business Startup Consulting

Consulting services for new business startups to help navigate tax and accounting requirements.

Tax guidance for new enterprises Accounting setup assistance

E-Filing Services

E-file self-prepared returns using award-winning tax preparation software with flat-rate pricing of $25 for federal and state returns.

$25 flat-rate pricing Federal and state returns included Award-winning software

Amended and Old-Year Returns

Preparation of amended tax returns and prior-year returns for individuals and businesses.

Amended returns for prior years Statute of limitations guidance (3 years)

Out-of-State Returns

Preparation of tax returns for clients with income or residency in multiple states.

Non-resident state filings Reciprocal state tax handling

Credentials & Certifications

IRS veteran experience (Darrell Wagner)

Since early 1970s

Ernst and Young experience (Kathy Wagner)

Since 1982-1991

Reviews

Rating

★★★★★

Reviews

Frequently Asked Questions

What are the due dates for various tax returns? +

Partnership (Form 1065) and Sub-S Corporation (Form 1120S): March 16, 2020. Individual (Form 1040): April 15, 2020. Trust & Estate (Forms 1041): April 15, 2020. C Corporation (Form 1120): April 15, 2020. Exempt Organization (Form 990): May 15, 2020. FinCEN Report 114: April 15, 2020.

How can I get an automatic extension to file my tax return? +

Use Form 4868, Application for Automatic Extension of Time To File U.S. Individual Income Tax Return, to obtain an automatic 6-month extension. Extensions are also available for other tax returns; call for specifics.

What is AgriPlan/BizPlan and who qualifies? +

AgriPlan/BizPlan is an Accident and Health Plan under Section 105 of the Internal Revenue Code that allows qualifying small business owners and farmers to deduct 100% of health insurance premiums and uninsured medical, dental, and vision care expenses for eligible employees and their families. Corporations and partnerships may also take advantage of Section 105.

What are the key changes in the new tax law regarding retirement plans? +

The starting date for required minimum distributions from an IRA is now the year the owner turns 72. The age 70 1/2 limit for IRA contributions no longer applies. Non-spouse inherited IRAs are subject to a 10-year maximum distribution period. 401(k) plans can adopt qualified birth or adoption distributions up to $5,000 exempt from early withdrawal penalty.

What provisions were extended by the Consolidated Appropriations Act of 2020? +

Extensions include: cancellation of qualified principal residence indebtedness exclusion from gross income, mortgage insurance premiums deduction, medical expense AGI threshold reduced from 10% to 7.5%, tuition and fees deduction, race horse property classification change, ACA penalty zero for 2019+, energy efficient home credit, and non-business energy property credit — all extended through end of 2020.

What is the statute of limitations for filing amended tax returns? +

Generally three years from the tax return's due date or date filed, whichever is later. An amended return can still be filed for 2016, 2017, and 2018 tax returns. The IRS can also initiate changes during this period.

What are the 2020 tax season special offers? +

FREE review of 2018 tax returns, FREE 2019 Organizer for tax data gathering, e-filing Form 1040 and state return for $25 flat rate, and a Quality Service Guarantee reimbursing 100% of interest and penalties if a return error results in an audit adjustment.

What is the e-filing refund timeline for 2020? +

IRS began accepting e-filed returns January 27, 2020. No refund for overpayment shall be released before mid-February 2020 if the taxpayer claimed the Earned Income Tax Credit or Additional Child Tax Credit. Refunds via direct deposit will arrive in late February or early March.