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Tax Planning Before Turning 70: What You Should Know About RMDs
Trusts & Estate Planning by Kira S. Masteller 818.907.3244 Tax payers aged 70 ½ or older this year must take a Required Minimum Distribution, or RMD, from their traditional IRAs (Individual Retirement Arrangements), SEP (Simplified
Trusts, Estates, Exemptions and Taxes
Trusts & Estate Planning by Kira S. Masteller 818.907.3244 It may be hard to believe that in 2001, the estate and gift tax exemption, also known as the unified credit, was a mere $675K. In
Tax Filing During a Divorce: Separate or Joint Returns?
Divorce Attorney by Vanessa Soto Nellis 818.907.3274 Couples going through a divorce should remember this regarding taxes: You can still file a joint return, so long as you were still married as of December 31st.
Family Tax Deductions and Credits: What Do You Qualify For?
Trusts & Estate Planning by Kira S. Masteller 818.907.3244 Late last year, Congress approved nearly $11 billion to fund the Internal Revenue Service for fiscal year 2015 – the lowest allotted amount since 2008, according
Fraudsters Rising: IRS Impersonators Flooding the Phone Lines
California Certified Specialist, Tax Law by Michael Hackman 818.907.3279 There seems to be an uptick in phone calls from people claiming to be from the Internal Revenue Service, telling potential victims they owe back taxes
Los Angeles County Ballot: “P” is for Parks, Prevention and Protection – or Profligacy?
Environmental Litigation by Stephen T. Holzer 818.907.3299 The only initiative that affects all of Los Angeles County (there are 33 local/city ballot measures and six California propositions), Measure P covers a diverse range of interests.
Tax Implications: Selling Your Home
Estate Tax Minimization by Kira S. Masteller 818.907.3244 If you’ve lived at a property for at least two out of the five years before you sell your home, you can consider that property your primary
Maximizing Annual Gifts
Trusts & Estate Planning Attorney by Kira S. Masteller 818.907.3244 Individuals with estates that are valued over the Federal estate tax exemption ($5,250,000 in 2013) should consider making annual gifts to their family now so
How Does the DOMA Ruling Affect Estate Planning?
Trusts & Estate Planning Attorney by Kira S. Masteller 818.907.3244 The United States Supreme Court’s ruling on Section 3 of the Defense of Marriage Act (DOMA) on June 26, declaring the definition of marriage as
Tony Soprano’s Run In With the Tax Man
by Robert A. Hull Many of us who were fans of the HBO show about a fictional New Jersey mafia family, The Sopranos, and actor James Gandolfini in particular (who played mob boss Tony