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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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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…

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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…

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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…

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IRS Issues Flexible Guidance on QIP, bonus depreciation and other favorable elections under CARES Act

By KBF Editorial | May 27, 2020

On April 17, 2020, the IRS released Revenue Procedure 2020-25 (the “Rev Proc”), which provides guidance to enable taxpayers to accelerate their cost recovery of…

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