Estate planning is very important for people in California, no matter their age. Those who are later in life might want to consider forming an estate plan as soon as possible. People who are younger, should also form estate plans. However, one mistake people sometimes...
Married couples who have begun the estate planning process probably already know that it is common to create complimentary wills with one’s spouse. Some people choose to create joint wills or wills that take the other’s plans into account, while others...
As the calendar turned over a new page to 2014, many California residents began to get their financial records organized in order to file their federal and their state income tax returns. Every year it is very important to pay attention to various changes in tax law...
Believe it or not, tax time is upon us once again in the state of California. While the federal IRS won't be taking 2013 income tax returns for about three weeks, the state Franchise Tax Board is now accepting them and officials are urging California residents to file...
When we take our taxes in to have them prepared by a professional, we trust that the professional’s advice will lead us in the right direction and get the best tax rates while complying fully with the law. Unfortunately in some cases it does not turn out this way, and...
Members of the Agua Caliente Band of Cahuilla Indians are continuing to pursue litigation against the county where their reservation is located, arguing that the county is unlawfully imposing taxes on the tribe. One of the big issues in this case is that the county is...
An American businessman best known for his creation of the popular Beanie Babies line of plush toys is facing up to five years in prison along with fines he has already paid over tax evasion allegations. Ty Inc., founder Ty Warner has asked a judge to sentence him...
As 2013 draws to a close, it seems more and more likely that Congress will not act to extend several federal income tax breaks that taxpayers have come to rely on. While these may expire for the tax year 2014, taxpayers still have one more filing to take advantage of...
Tax planning and estate planning often go hand-in-hand, since it is a priority for many California families to preserve assets to pass along to the next generation. There a lot of different ways to go about doing this that are all perfectly within the bounds of the...
If you surveyed the average American about what they fear most, a tax audit is probably near the job of the list, just after natural disasters. Tax audits are a fact of life for many, particularly those who have significant assets or who own a business. And, in...