Wills are an essential part of estate planning. A clearly written, comprehensive will can certainly relive grieving family members of confusion and misunderstandings. But what happens after the will is drafted and then changed due to the influence of a loved one,...
Estate And Tax Planning Law Firm
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IRS continues to pursue Facebook over foreign asset transfers
Over the last few years, multiple U.S. companies have come under heavy criticism by federal officials for their reliance on elaborate tax-savings strategies, such as inversions. For those unfamiliar with inversions, they involve U.S.-based companies merging with...
Could you avoid an RMD tax?
If you are nearing retirement and have been saving diligently, the time is come to enjoy the fruits of your labor. Of course, you deserve the benefit of tax deferred savings, but the federal government may be just as interested in your money if you don’t withdraw it....
How a controversial tax proposal is further dividing San Francisco
While many people envision San Francisco as a primary destination for tech companies and one of America's most thriving metropolitan areas, this wasn't necessarily the case just a few years ago. Indeed, during the height of the recent recession the city saw an...
Does your child have a summer job? Don’t forget about taxes
Now that summer is here, many parents are wondering how to keep their children active and productive. For older teenagers, the answer may be to get a summer job. There are many benefits to seasonal work, including earning spending money and getting an introduction...
Tax deductions can come up in connection to home sales
Possible tax deductions can arise in relation to a wide range of different activities. This includes activities related to real estate. One real-estate-related action a person may be able to claim tax deductions in connection to is the selling of their home. Examples...
The IRS is auditing me, so what do I do now?
If you are being audited, it is highly unlikely the audit would be in relation to your most recent tax filing in April of this year. Usually it takes the Internal Revenue Service some time before they take action on a filing. If they do take action, though, you need...
How domicile may be determined for tax purposes
Most people in Northern California like where they live. And what’s not to like about it? Between world class professional sports teams (yes, we’re talking about the Warriors and Sharks), technological development firms, access to world renowned landmarks and...
Providing tax advice for you and your small business
For many small business owners, the line between personal tax obligations and business tax obligations is not always clear. Depending on the type of business structure you choose, your business taxes will be filed with your personal return or may need to be filed...
California taxes: What determines residency?
If you currently live in California but used to live in another state, you may have noticed that taxes tend to be higher here. We get a lot of great services for that money, but paying state taxes can be expensive. So much so, in fact, that some people contemplate a...
