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Recent Articles & Resources
What Tax Changes Could Mean for Income Tax on Capital Gains
Kernutt Stokes Relocating Corvallis Office in June
Restaurant Revitalization Fund Summary
Tax Credits Available for Providing Employees Paid Leave for COVID-19 Vaccinations
Real News in the Definition of Real Property for Purposes of Section 1031 Exchanges
What Tax Changes Could Mean for Income Tax on Capital Gains
The Biden Administration recently released its budget for the fiscal year 2022, and the document contains many significant potential changes to the country’s tax laws. This article will focus on Biden’s proposed changes to the income tax on capital gain. The headline on capital gain reform is, of course, the rate.
Kernutt Stokes Relocating Corvallis Office in June
Kernutt Stokes is relocating from its current downtown Corvallis location to the Kings Crossing professional offices in June. The new office will be 6,000 square feet, much larger than the current office, and will have space for up to 21 employees. The new office address will be 2273 NW Professional Drive; the firm will occupy the entire second floor of the building.
Restaurant Revitalization Fund Summary
As a part of the American Rescue Plan of 2021, passed in early March, a $28.6 billion Restaurant Revitalization Fund (RRF) was established. This fund was established to assist the hardest hit industries during the pandemic.