As I reported previously, Oregon Measure 97 was overwhelmingly defeated by voters in the state’s general election this past November. It certainly appeared that the voters spoke loudly and clearly on November 8, 2016, when...more
2/23/2017
/ Alternative Minimum Tax ,
Ballot Measures ,
C-Corporation ,
Commerce Clause ,
Corporate Taxes ,
Foreign Corporations ,
Gross Receipts ,
Interstate Commerce ,
Legislative Agendas ,
Public Benefit Corporation ,
S-Corporation
Mr. Brant’s article offers readers a broad overview of the QSub election and a review of the history surrounding its statutory creation. In addition, it provides a rather in-depth discussion of the QSub qualification...more
9/23/2016
/ Business Entities ,
C-Corporation ,
Corporate Taxes ,
Excise Tax ,
Income Taxes ,
IRS ,
QSub ,
S-Corporation ,
Shareholders ,
Small Business Jobs Act ,
Subsidiaries
C Corporations with Oregon annual revenues greater than $25 million may face a new minimum tax obligation – 2.5 percent of the excess – if Measure 97 passes. If a business falls within this category, there may be ways to...more
On November 2, 2015, the Bipartisan Budget Act (“Act”) was signed into law by President Barack Obama. One of the many provisions of the Act significantly impacts: (i) the manner in which entities taxed as partnerships will be...more
As reported in my November 2013 blog post, for tax years beginning in 2015 or later, under ORS 316.043, applicable non-passive income attributable to certain partnerships and S corporations may be taxed using reduced tax...more
CURRENT LAW
In accordance with ORS § 314.402, the Oregon Department of Revenue (“DOR”) shall impose a penalty on a taxpayer when it determines the taxpayer “substantially” understated taxable income for any taxable year....more