Month: March 2021

California Statutes of Limitations Tolled Because of COVID

March 5, 2021

March 2021 Monthly Litigation Law Tip Because of COVID, many California statutes of limitations were tolled for at least several weeks in 2020, a fact that should be taken into account when seeking to initiate or defend against new litigation.

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Exchange Period for 1031 Exchanges

March 3, 2021

March 2021 Monthly Tax Law Tip If you are doing a 1031 exchange, your exchange period ends on the earlier of: (i) 180 days after the close of the sale of the relinquished property, or (ii) the next due date for your tax return. That means that, if your sale closed after October 17, you…

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You Can Leave California (With the Right Facts)

March 3, 2021
Leaving California Sign

This post follows up on an earlier post from December 12, 2020, titled “The Long Arm of California’s Franchise Tax Board.” That post described a recent opinion by California’s Office of Tax Appeals (OTA), Appeal of L. Mazer and M. Mazer, in which the OTA ruled in favor of the Franchise Tax Board (FTB), holding…

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