Different countries have always handled the reporting of ownership in business entities that are subject to their jurisdiction in different ways. However, there is a growing trend towards requiring entities to report who has control over them in order to prevent illegal activities from occurring.

The Internal Revenue Code has recent changes for tax incentives that will link two of its most popular investment vehicles. Beginning in 2024, a 529 plan holder can rollover up to $35,000 to a Roth IRA.

Every Estate Planning attorney will have several stories about various families that came to them after their parent/grandparent died, and how the Decedent either didn’t leave a Will or Trust, or decided to get a discounted one, perhaps online, where it is causing more harm than good. This is because even the best Estate Plans will not work for every family.

A business may generally deduct legitimate losses from its taxable income to reduce its tax due to the state and federal government. However, sometimes these losses are greater than income, and thus is called Net Operating Loss (“NOL”). Though obviously not a great sign for company longevity,

California has one of the lowest bar passage rates in the United States of America. For July 2022, only 52.4% of applicants passed the California Bar Exam [Source]. As such, we are proud to announce that our former Summer Associate and Law Clerk, Connor Deleuze has passed the July 2022 California Bar Exam, and now joins our team as our newest associate attorney.

As one is reminded upon every gasoline station visit, events on the other side of the world impact our lives. The Financial Crimes Enforcement Network (FinCEN) explained in its 99-page report to the Federal Register that its reporting regime is, in part, a response to the Russian invasion of Ukraine.

Inflation, aka increased prices on the items and services we all need and desire is bad news, right? Well, bad news and good news are usually intertwined when tax law touches reality, and inflation is no different. The Internal Revenue Service published its annual inflation adjustment to over 300 different thresholds and limitations across more than 60 tax provisions for the following year.