Online Payments to IRS/ODR

As technology evolves everyone, including the IRS and ODR, is moving toward only accepting online payments (no longer allowing you to mail a check). Register now (with the links provided below) to avoid the stress of registering when you must submit payment. 

  • Please be aware, if you file a separate tax return for your business(es), a different account is required for each individual or entity.

  • If you have previously set up online accounts, please disregard this notice. If you do not file an Oregon return, please disregard establishing an ODR online account.

  • If you file separate tax returns for your business, a separate account is required.

  • If you have previously set up online accounts, please disregard.

  • Be mindful of “year” and “type” of tax paying. Balance due or estimated.

IRS Registration: Requires Smart Phone and ID.Me account

https://www.irs.gov/payments/your-online-account

  • Make and view payments

  • View and create payment plans

  • Access prior tax records

Oregon Registration:

https://revenueonline.dor.oregon.gov/tap/_/

*If you have previously filed a return with the Oregon Department of Revenue.

  • Make and view payments

  • Save bank information to make payments later

  • Review your account activity

  • Send messages and/or documents

Avoiding Identity Theft

  • The IRS never initiates correspondence via email. Do not click on any links, open or respond to any email that claims to be from the IRS,

  • Install and maintain a powerful anti-virus and firewall software system,

  • Freeze your credit with all 3 national credit bureaus to stop new loans from being opened in your name:

  • Freeze your credit with the utility and cell phone data exchange (often overlooked and not included with normal credit freezes) at 866-349-5355

  • Review your credit report annually and block it from new credit requests if acceptable. It is available annually for free at www.annualcreditreport.com/index.action or 877-322-8228

  • Do not give anyone your social security number under almost any circumstances,

  • Destroy (shred) any old checks reflecting your social security number,

  • Buy and use a quality home shredder to shred all personally identifiable documents at all times,

  • Establish an annual policy as follows: photocopy all credit cards front and back and place dated copies in a safe or lockbox, establish all website logins and save in a secure manner; change all passwords every year over the holidays and record in a secure manner,

  • Secure all electronic files and paper files from intruders, children and outsiders,

  • Carefully guard against filling out any online forms and do not open accounts with anyone requiring social security numbers online,

  • File returns as soon as possible for decedents, young and elderly taxpayers.

  • Obtain a Social Security PIN by visiting your local Social Security office with 2 forms of ID and a utility bill showing your name or address to keep thieves from filing a fraudulent Social Security account in your name.

  • Obtain an IRS PIN to thwart identity theft scammers. The PIN, which changes annually, is required to e-File a Federal tax return. https://www.irs.gov/identity-theft-fraud-scams/getan-identity-protection-pin

Cryptocurrency

List of Common Crypto Wallets Foreign vs. US-Based Wallets*

Congress and the IRS are very aggressively pursuing cryptocurrency activity, reporting, and tax situations. Cryptocurrency activity of any type, including sales, staking, mining, lending, NFT activity, trades and other activities must be reported on your return. Cryptocurrency activity may require reporting on tax returns filed with other countries.

Please note that any person having a financial interest in, or signature or other authority over, bank accounts, securities, or other financial accounts such as cryptocurrency wallets having an aggregate value exceeding $10,000 in a foreign country on a single day in 2022, must report such a relationship. *If you do not provide our firm with information regarding any interest you may have in a foreign account, including foreign cryptocurrency wallets, we will not be able to prepare any of the required disclosure forms, and penalties may be due, for which we have no responsibility. In the absence of such information being provided we will presume you do not have any foreign assets or financial interests and will not file any applicable disclosure forms without separate written authorization.

COMMON US-BASED CRYPTOCURRENCY WALLETS/EXCHANGES

Coinbase Binance US Coinbase Pro Cash App Gemini Abra Bittrex Circle Poloniex Kraken itBit

COMMON FOREIGN CRYPTOCURRENCY WALLETS/EXCHANGES

Bibox (Singapore) Gate.io (Cayman Islands) Binance (Malta) HitBTC (Hong Kong) Bitfinex (Taiwan) Huobi (Singapore) Bitflyer (Japan) Jaxx (Canada) BitGrail (Italy) KuCoin (Hong Kong/Seychelles) Bithumb (South Korea) Liqui (Ukraine) Bitmex (Seychelles) Liquid (Japan) Bitstamp (U.K.) Livecoin (U.K.) Bleutrade (Brazil) Mercatox (U.K.) BTC Markets (Australia) OKEx (Malaysia) Bybit (Singapore) QuadrigaCX (Canada) CEX.IO (U.K.) The Rock Trading (Italy) Coinbene (Singapore) Tidex (Russia) Cryptopia (New Zealand) Tradesatoshi (U.K.) Coss (Singapore) Uphold (U.K.) Derbit (Netherlands) Yobit (Russia)

*This is a list of the most common crypto wallets and is not a full list of wallets available. Do your own due diligence on any wallet you participate in to determine if and how reporting is required.