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California Ballot Guide 2018: Propositions 5-7
This is Part Two in our series regarding the California Ballot for November, 2018. In this series, we provide a synopsis of each of the 11 propositions voters in this state will see on the
Why Today’s SCOTUS Decision May Impact Franchisor Royalties
by Taylor M. Vernon 818-907-3027 Today, in South Dakota vs. WayFair, Inc., et al., the United States Supreme Court (“Court”) overturned long-standing precedents that required an out-of-state Seller to have a physical presence in a
Divorce Planning: How Tax Reform Could Affect Your Decisions
Certified Family Law Specialist by Vanessa Soto Nellis 818.907.3274 Under the current tax law, individuals making spousal support payments may deduct the payments on their tax returns. Conversely, the individual receiving alimony must count those
The Tax Cuts and Jobs Act: Trust & Estate Planning Considerations
Gift Tax, Trusts & Estate Planning Attorney by Kira S. Masteller 818.907.3244 This week was supposed to be the week Republicans passed a tax bill. It’s unclear what exactly will happen in the immediate future, or
The Tax Reform Bills: Home Ownership, Purchases & Sales
California Bar Certified Specialist in Tax Law by Michael Hackman 818.907.3279 Congressional efforts to enact tax reform are now in the home stretch. While there is no assurance that any legislation will be enacted, or
Return to Windsor: A Novel Tax Code Correction
California Bar Certified Specialist in Tax Law by Michael Hackman 818.907.3279 Here’s the next chapter in the saga known as Edith Schlain Windsor v. The United States of America. (For a quick recap, please read
Estate Planning NOW: Preparing for a New Government
Gift Tax, Trusts & Estate Planning Attorney by Kira S. Masteller 818.907.3244 It’s impossible to predict what any future president will do, or what Congress will approve. But in light of comments president-elect Donald J.
Game Changer? Succession Planning Targeted by IRS
by Michael Hackman and Kira S. Masteller The Department of the Treasury wants to place limitations on valuation discounts that are currently commonly used to reduce asset values in family-owned and closely-held businesses, in an
Living Like a Prince, but not Dying Like One
Tax Law Certified Specialist by Michael Hackman 818.907.3279 The media seems to be concerned with two primary subjects lately, and both topics continue to trounce each other in turn on social networks for attention: 1.
Congress Forges PATH in Tax Laws for Business, Individuals
Tax Law Certified Specialist (State Bar of California Board of Legal Specialization) by Michael Hackman 818.907.3279 Congress has avoided a government shutdown by agreeing to a new budget in its Consolidated Appropriations Act, and the