California Taxation
Transfer on Death Deeds – Should You Use It?
Effective January 1, 2016, recent California legislation created, at least temporarily, the right to record “revocable transfer on ...
CCP 580e Gives Rise to Non-recourse Treatment of Discharged Debt
In response to a letter Senator Boxer sent to the Internal Revenue Service (the “Service”) last year, requesting ...
Legal Alert – Critical Changes in California LLC Agreement Laws
California has dramatically changed the LLC law. Effectively, many of the "form" provisions which were customarily used in ...
Update on Proposed Revised Uniform Limited Liability Act
By time this article is issued, we may be close to seeing the California Revised Uniform LLC Act ...
Home Mortgage Forgiveness in California and Related Income Tax Consequences
This article addresses the tax consequences arising from the relief or cancellation of debt (“Mortgage Relief”) arising from ...
How to Reduce Your Property Tax Bill – Part 2
Last month, we explored the basics of how counties determine the base-year value and the assessed value under ...
How to Reduce Your Property Tax Bill – Part 1
Property Tax Reductions For a number of rental property owners, there may be an opportunity to request a ...
Commercial Foreclosures—The Effect on Existing Leases
A question tenants and lenders frequently ask is whether the lender’s foreclosure will affect the enforcement of a ...
Legislative Change – BOE-100-B Reporting
Good News: Remember that the BOE-100-B has to be filed for a change in control or change in ...
Corporate Dividend Changes with AB 571
California corporations are limited as to how much they may pay out in any one year to its ...
California Amnesty Program Available for Abusive Tax Shelter Cases
For a few Californians the enactment of SB86 on March 24, 2011 is good news. For others, SB86 ...
Repeal of 1099 Corporate & Rental Property Reporting May Be Imminent
On April 14, 2012, the President signed H.R. 4, repealing previous legislation that required expanded, mandatory reporting of ...
Exemption for Software from Sales Tax
Under a recent California Court of Appeal Decision software licensed by Nortel to PacBell was held to be ...
Mandatory Change in Ownership/Control Reporting
While most of us in the past may have ignored the requirement that a legal entity holding real ...
Beyond the A/B Trust: Advanced Estate Planning Techniques
I. IRREVOCABLE TRUSTS Functions. An irrevocable trust can shift property value and income to: Build an educational fund ...
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