by Kernutt Stokes | Mar 17, 2022 | KS Blog
/ Posts / KS Blog Oregon Pass-Through Entity – Elective Tax By John Mlynczyk, Partner, and Terry Niegel, Partner Background and Problem: Deduction for State and Local Taxes is Limited to $10,000 As you may be aware, the tax laws changed back in 2018 limiting...
by Kernutt Stokes | Mar 17, 2022 | News & Resources
/ Posts / News & Resources Pass-Through Entity – Elective Tax FAQs Source: https://www.oregon.gov/dor/programs/businesses/Pages/Pass-Through-Entity-Elective-Tax.aspx FREQUENTLY ASKED QUESTIONS 1) Q: What is the PTE-E Tax? A: For Oregon tax purposes,...
by Kernutt Stokes | Feb 7, 2022 | KS Blog
/ Avoiding Income on the Sale of Stock If it is true that, “for everything there is a season, and a time for every matter under heaven,” then the enactment of the Tax Cuts and Jobs Act (“TCJA”) brought about a season in which taxpayers should take the time to consider...
by Kernutt Stokes | Dec 6, 2021 | KS Blog
/ Posts / KS Blog Moving Assets From an S Corporation to a Partnership From an income tax perspective, business owners often view S corporations and partnerships as fungible forms of doing business. Although both entities generally avoid an entity-level tax by...
by Kernutt Stokes | Sep 16, 2021 | KS Blog
/ Posts / KS Blog House Ways and Means Committee Releases Initial Tax Proposals On September 13, 2021, the House Ways and Means Committee released draft legislation that proposes a series of tax increases and tax cuts, which will undergo a round of markups by the...
