Jeff Kieckhafer

Jeff A. Kieckhafer

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

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Greg Fletcher

Gregory A. Fletcher

5285 Meadows Road
Suite 420
Lake Oswego, OR 97035

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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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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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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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