Tax Notebook Blog

Gray Line

Visit the Boutin Jones Tax Notebook to learn about the latest developments and rulings in California and federal tax law.

Hog Buildings are Like-Kind to Cape Property? Yes, But . . . The Strange Nexus of Section 1031 and Section 1245

Internal Revenue Code Sections 1031 and 1245 have an interesting relationship.  The recent Tax Court case of…

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FinCEN Beneficial Ownership Reporting: For Real Estate Investors, the FinCEN Identifier May be Key

By:      William F. Webster As discussed in two previous posts to this Tax Notebook Blog,[i] FinCEN has…

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IRS Issues Safe Harbor Provisions for Conservation Easements With Compliance Deadline of July 24, 2023

On April 10, 2023, the IRS issued Notice 2023-30, which sets forth safe harbor deed language for…

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Additional Tax Filing Extensions: Relief For Storm-Weary Californians

On February 24, 2023, the IRS issued News Release IR-2023-33 which extended the deadline for filing tax…

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1099-Ks From Venmo and PayPal: Ignore Them at Your Peril

Most people have contact with service providers such as Paypal, Venmo, EBay and Stubhub.  Paypal and Venmo…

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FinCEN Reporting Requirements Have Arrived

On April 19, 2022, this Tax Notebook Blog posted “The Coming FinCEN Reporting Requirements.”  That blog post…

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Tax Provisions of The Inflation Reduction Act of 2022

On August 16, 2022, President Biden signed into law the Inflation Reduction Act of 2022 (the Act). …

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The Coming FinCEN Reporting Requirements

On December 7, 2021, Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a Notice of Proposed Rulemaking which promulgated proposed…

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The Pass-Through Entity Tax (AB 150) and SB 113 Amendments

Introduction In July 2021, California passed Assembly Bill 150, which contained the Small Business Relief Act, adding…

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