General
Los Angeles City Business Tax: What You Need To Know
Companies and individuals doing business in the City of Los Angeles and its neighboring cities may find themselves subject to the annual Los Angeles City Business Tax (LACBT), due on…
Read MoreNew Portland Tax Alignment for City, County, and Metro Approved
The Portland City Council recently voted to simplify the sales factor apportionment for businesses in the area. These approved changes would allow Portland, Multnomah County, and Metro taxing authorities to…
Read MoreKBF Sales and Use Tax Newsletter – 3rd Quarter 2022
KBF’s quarterly newsletter updates clients on sales and use tax news, developments, and trends from around the country. This edition features updates on marketplace seller clarifications, the tax treatment of…
Read MoreKBF Sales and Use Tax Newsletter – 2nd Quarter 2022
KBF’s quarterly newsletter updates clients on sales and use tax news, developments, and trends from around the country. This edition features updates on the tax treatment of digital goods, interstate…
Read MoreU.S. Withholding Taxes for Payments to Foreign Persons
Whilst the United States (“U.S.”) taxes its citizens, residents, and domestic corporations on their worldwide income, nonresident individuals and foreign entities (collectively, foreign persons) are generally taxed on only four…
Read MoreKBF Sales and Use Tax Newsletter – 1st Quarter 2022
KBF’s quarterly newsletter updates clients on sales and use tax news, developments, and trends from around the country. For this edition, we feature updates on state rulings for which goods…
Read MoreCalifornia Makes Favorable Changes to the Pass-Through Entity Tax
Summary Since the passage of the Tax Cuts and Jobs Act (TCJA) in 2017, individuals who itemize their federal tax deductions have been limited to a $10,000 deduction for state…
Read MoreCalifornia Unclaimed Property Tax Compliance
Summary Beginning in 2022, the California Franchise Tax Board (FTB) will require most businesses to disclose the status of their unclaimed property compliance on their business tax returns. This information…
Read MoreNew Oregon Pass-Through Entity-Level Business Alternative Income Tax
Senate Bill 727 (SB 727) was introduced as Oregon’s response to the enactment of The Tax Cuts and Jobs Act (TCJA) and the IRS Notice 2020-75. TCJA imposed a limit…
Read MoreKBF Sales and Use Tax Newsletter – 4th Quarter 2021
KBF’s quarterly newsletter updates clients on sales and use tax news, developments, and trends from around the country. For our fourth edition, we feature updates on the multistate trend of…
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