If you own a business in California, you know what a challenge it can be. You have to make sure your operation runs smoothly, and that means managing people, time, money and more. One thing that all business owners have to deal with is taxes. No one enjoys...
Estate And Tax Planning Law Firm
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QPRTs less of a factor for avoiding estate taxes today
When any California resident begins to consider estate planning, there are many factor to think about. For a long time, protecting an estate from estate taxes has been a major priority for many Californians. As the federal government has changed the exclusion levels...
How the IRS is even worse for same-sex couples
Nobody in California -- or anywhere else, for that matter -- enjoys working with the Internal Revenue Service. Filing taxes is complicated, and hearing from the IRS after the fact is rarely a good thing unless they're giving you money back. With the recent changes in...
What to do if a trustee is not following the rules of a trust
If you are the beneficiary to a loved one's trust, there is no doubt that you want the trust to be handled appropriately. While most people choose a trustee to that they believe they can trust, sometimes the has ill intentions or simply does not understand how to be a...
IRS reviews Yankee Stadium parking bonds to ensure compliance
Finding out that you are being audited by the Internal Revenue Services is a frightening experience. Even if you think you've done everything correctly, tax laws are extremely complicated. It's easy to make a mistake unknowingly. However, the IRS is not infallible as...
Learning from James Gandolfini: How to avoid estate taxes
When you are working through the administration process of a loved one's estate, the last thing you want to have to worry about is estate taxes. Your loved one wanted his or her wealth to go straight to family members and loved ones, not to the California and federal...
IRS challenged by late billionaire’s estate
Billions of dollars are at stake in a recently filed petition which claims that the IRS overvalued certain assets that belonged to late billionaire and former NBA team owner Bill Davidson. The petition, filed on behalf of Davidson's estate, alleges that the deficiency...
Tax litigation seeks to protect local California businesses
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...
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...