In a legal challenge that claims that a recent real estate tax measure will hurt local California businesses, two plaintiffs have initiated a tax litigation procedure that seeks to have it declared illegal. The suit alleges that the Centinala Valley high school...
Month: June 2013
Estate tax may not be straightforward in California and elsewhere
The government requires money in order to operate and continue providing necessary services for a safe and productive society. However, in order to obtain these required operating funds, the government must levy taxes on the population which it governs in California...
Tax return items that can trigger an IRS audit
Many California residents are curious about which types of tax matters are most likely to garner the attention of the Internal Revenue Service. In truth, it is impossible to predict with complete accuracy which returns will lead to an audit. However, there are a...
IRS claims Grammy winner Mary J. Blige owes millions in taxes
According to the Internal Revenue Service, singer Mary J. Blige owes more than $3.4 million to the IRS. Why? The IRS claims that Blige failed to pay income taxes for three years.Reports have not stated why Blige failed to pay income taxes for 2009, 2010 and 2011. As a...
California may start taxing all ammunition sales
Last year a series of high-profile mass shootings cast a national spotlight on the issue of gun control, dividing the nation on the issue of whether more or less regulation is the key to preventing gun violence. Many states are working on their own gun control...
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Even a fortune can disappear without sound estate planning
Some figures baffle.Like the speed of light. Like the age and size of the universe. And like estimates pegging the personal fortunes of America's richest families.Consider this imagery relevant to the storied Vanderbilt family for a moment: a pile of money equaling...
Broad, measured thinking out of the box promotes sound estate planning
"You own this." Those words might sound frightening to a would-be California estate planner, but they are actually meant to promote a feeling of empowerment rather than intimidation. It is no secret that legions of...
Remarrying couples unquestionably need to focus on estate planning
Many remarrying California individuals fail to timely consider and update existing estate plans to reflect new realities.Don't be one of them. Many remarrying California individuals fail to timely consider and update existing estate plans to reflect new...
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