News

Jeff_K_large

Jeff A. Kieckhafer

12750 High Bluff Drive,
Suite 160
San Diego, CA 92130

Read Bio >
Greg Fletcher

Gregory A. Fletcher

U.S. Bancorp Tower
111 SW Fifth Avenue, Suite 1850
Portland, OR 97204

Read Bio >

UPDATE: Portland Metro Council Votes to Refer Payroll Tax to November Ballot

By KBF Editorial | July 21, 2020

On July 16, 2020, the Portland Metro Council unanimously voted to send a $7 billion transportation plan to the November ballot. This tax will impose…

Read More

The State of Wayfair in 2020: State and Local Income Tax Implications Two Years After the Wayfair Decision

By KBF Editorial | July 7, 2020

In 2018, the U.S. Supreme Court overturned the long-standing physical presence standard for sales-and-use tax nexus in South Dakota v. Wayfair (“Wayfair”).  Since then, nearly…

Read More

The Future of International Taxation: BEPS 2.0, DSTs, or What?

By KBF Editorial | July 6, 2020

Even as regulatory guidance is still being issued by the U.S. Treasury, nearly 2-1/2  years after the enactment of sweeping changes to the international taxation…

Read More

Determining the Accounting for Loans Under the Payroll Protection Program

By KBF Editorial | June 30, 2020

The question has arisen regarding how to account for loans received by companies under the Payroll Protection Program (“PPP”) of the CARES Act as there…

Read More

Additional Payroll Taxes Looming for Portland Metro Area Businesses

By KBF Editorial | June 27, 2020

The Metro Council has recently outlined its plan to raise the necessary funds for the $7 billion “Get Moving 2020” transportation initiative that will be…

Read More

Treasury Provides Welcome Grace Period and Transition Relief from Repeal of the “338 Approach” to Recognition of Built-in Gains (but the clock is ticking)

By KBF Editorial | June 23, 2020

On January 14, 2020, the IRS and Treasury provided partial relief from their earlier announcement of the repeal of a highly favorable method of increasing…

Read More

Treasury Releases Final Section 385 Regulations without Substantive Changes to the 2016 Proposed Regulations.

By KBF Editorial | June 17, 2020

Internal Revenue Code (IRC) Section (§) 385(a) provides that the Secretary of the Treasury is authorized to prescribe regulations as may be necessary or appropriate…

Read More

Companies Continue to Evaluate APB 23 Benefits After Tax Reform; Impact of COVID-19 Related Repatriations on the Indefinite Reinvestment Assertion

By KBF Editorial | June 8, 2020

The general comprehensive rule for providing deferred taxes on book-tax basis differences under ASC 740-10 requires companies to record a deferred tax liability (DTL) for…

Read More

Proposed Regulations Deny the Deductibility of Certain Fines, Penalties, and Other Amounts Under Section 162(f), and Impose Reporting Requirements

By KBF Editorial | June 1, 2020

The IRS and Treasury released proposed regulations that offer guidance concerning the recent expansion of the limitations on deducting certain fines, penalties, and other amounts…

Read More

Washington, Clackamas, and Multnomah Counties Pass 1% Tax on High-Wealth Individuals and Large Businesses to Fund Housing to Reduce Homelessness

By KBF Editorial | May 29, 2020

On May 19, 2020, voters in Washington, Clackamas, and Multnomah counties approved Measure 26-210, which funds services, including health care, case management, job training, and…

Read More