IRS Announces 2018 Estate & Gift Tax Limits
The IRS has just released the 2018 table of upcoming exemptions, limits and deductions. As far as estate planners are concerned, the most interesting items involve the sizeable increase in the [...]
CA Supreme Court Ruling Will Likely Lead to Flood of Tax Raising Ballot Initiatives
On Monday, the California Supreme Court decided a key case that will likely ensure a dramatic increase in the number of tax ballot initiatives. For years, Proposition 13 and Proposition [...]
First-Time Penalty Abatement Rules
Posting by Joseph ZimmerlThe First-Time Penalty Abatement Waiver or FTA Waiver is an Administrative Waiver, which provides taxpayers relief from certain assessed penalties. The purpose of the FTA Waiver is [...]
CA Supreme Court Applies Documentary Transfer Tax To Legal Entity Transfers
Surprisingly, the California Supreme Court has held that the Documentary Transfer Tax--that has historically only been applied when deeds were recorded affecting real property ownership changes--can now be applied to [...]
Legislature Terminates the Board of Equalization
A potential sweeping change was made to California tax law and policy when the legislature passed AB 102, the Taxpayer Transparency and Fairness Act of 2017. This act divests the [...]
The Increased Price of Gas: The Gas Tax
By Joseph Zimmerl: Anyone who drives in California knows that gas here is expensive. If you have ever driven to Oregon, Nevada or Arizona you may have also noticed that [...]