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Stock Market: Post-Thanksgiving News Cheers Markets

by Kernutt Stokes | Dec 12, 2017 | The Kernutt Stokes Advisor, Volume 2 Issue 5

As November drew to an end, market indices approached record levels buoyed by strong economic data and reassured by the testimony delivered to the Senate Banking Committee by Federal Reserve Chairman nominee Jerome Powell. The Conference Board’s consumer confidence...

The Most Wonderful Time of the Year – Tax Planning Season

by Kernutt Stokes | Dec 12, 2017 | The Kernutt Stokes Advisor, Volume 2 Issue 5

Now is the time to focus on year-end tax planning. Careful and strategic planning can help minimize your tax bill and maximize what you keep. Given the uncertainty and sweeping scope of proposed tax law changes, planning is both more complex and more important than...

Retirement Savings Plan To Be Mandated For All Oregon Employers

by Kernutt Stokes | Dec 12, 2017 | The Kernutt Stokes Advisor, Volume 2 Issue 5

By Dean Huber, Partner More than 1 million Oregon workers do not have access to an employer sponsored retirement savings plan at work.  The Oregon Legislature considered this a retirement savings crisis and passed a bill in 2015 to remedy the situation.  They created...

International Tax Spotlight

by Kernutt Stokes | Dec 12, 2017 | The Kernutt Stokes Advisor, Volume 2 Issue 5

By Kevin Bell, Partner The United States (U.S.) has long been a safe haven for foreign investors. The U.S. has seen a dramatic increase in foreign investment because of good investment opportunities, better educational and economic opportunities, and long-standing...

Partnership Audit Changes

by Kernutt Stokes | Dec 12, 2017 | The Kernutt Stokes Advisor, Volume 2 Issue 5

By Matthew Diment, Senior Manager Long have partnership audits been a thorn in the IRS’ side.  Partnerships can have multi-tiered complex ownership structures that can make the final taxpayer difficult to find.  Because of this, the audit rate for large partnerships...

Reporting Reminder for Greater Than 2% S Corp Shareholder

by Kernutt Stokes | Dec 12, 2017 | The Kernutt Stokes Advisor, Volume 2 Issue 5

There are additional Form W-2 reporting requirements for a greater than 2% shareholder of an S corporation (shareholder) if their health care plan costs are paid by the S corporation. This also includes immediate family members of greater than 2% shareholders of an S...
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