Tax News

CCH (cch.taxgroup.com) reports:

  For Oregon corporation excise (income) and personal income tax purposes, otherwise deductible intangible expenses that have been directly or indirectly paid, accrued, or incurred in connection with one or more direct or indirect transactions with one or more related members, and that were received by one or more related members that are not included in the same state tax return as the taxpayer, must be added back to federal taxable income. However, as discussed below, a credit is allowed against the corporate income taxes otherwise due if a related member pays tax on the same income that has been added back.