California law now allows taxpayers to claim a credit for donating to the Cal Grant B program. The program helps low-income students in the state pay for college books and housing. In an effort to increase the amount of money and the number of students who benefit,...
Bay Area Estate And Tax Planning Law Firm
Month: October 2014
Because a mind – and a tax break – is a terrible thing to waste
The news is full of stories about the student loan debt crisis. The Consumer Financial Protection Bureau reported recently that the debt burden for both private and federal loans in this country has topped $1.2 trillion And, more than 7 million American borrowers...
Next up for California courts: IRS gone wild with Jackson estate p2
Michael Jackson's music lives on, and, apparently so do the problems with his estate. The entertainer died more than five years ago, but the IRS is still trying to determine -- and collect -- the tax on the estate. Remember, Jackson died in California, so the only...
You want to leave a charitable legacy, but how?
Effective tax and estate planning is often about accounting for trade-offs. Depending on what is included in your particular estate, charitable giving may offer a trade-off that maximizes benefits for you and your family. It is necessary to use the right legal...
Next up for California courts: IRS gone wild with Jackson estate
We often wonder why we remember some things so clearly but cannot remember why we went into the kitchen. Recently, we were reading an article about Michael Jackson's estate, and a discussion from our high school American history class came back. We were talking about...
Family in feud with IRS over baseball team’s value
Many of the country’s wealthiest families live in the state of California. And many of these families have been involved in disputes with the Internal Revenue Service over estate taxes following the death of a loved one. Estate tax is the tax applied on the property...