Jeff A. Kieckhafer

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

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Gregory A. Fletcher

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

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Temporary California Net Operating Loss Suspension Signed into Law

By KBF Editorial | August 5, 2020

History California has at times either restricted the ability of individuals and corporations to utilize the full carryover amount of net operating losses (“NOLs”) or…

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Multnomah County Reviewing Two Tuition-Free Preschool Measures for November Ballot – Both Seek to Tax High-Earners

By KBF Editorial | July 29, 2020

Multnomah County has two tuition-free preschool measures that may go to the ballot this November. The first campaign, Universal Preschool Now, has received enough signatures…

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Seattle’s City Council Passes ‘JumpStart Seattle’ Payroll Tax on Big Businesses – Mayor Returns Bill Unsigned with New Proposals

By KBF Editorial | July 25, 2020

Seattle’s City Council recently passed a 20-year tiered payroll tax on businesses with payrolls greater than $7 million. Mayor Jenny Durkan returned the bill to…

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Oregon Legislature Makes Changes to Corporate Activity Tax (CAT); Second Payment Deadline on July 31, 2020 Remains for Taxpayers

By KBF Editorial | July 24, 2020

The Oregon Corporate Activity Tax (CAT) is imposed on taxpayers that have commercial activity of more than $1 million. Although many Oregon taxpayers have asked for…

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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…

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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…

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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…

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KBF’s Portland Office Adds Jake Hoesly to its CTS Practice and Rob Buchan to its Accounting, Audit, and Advisory Practice

By KBF Editorial | June 30, 2020

    Please join us in welcoming Jake Hoesly to KBF. Jake is joining our Portland Office, where he will be focused on further growing…

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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…

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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…

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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…

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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…

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