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Opportunity Zones: Further Extensions in the Land of Oz
Good news from the Land of Oz: on January 19, 2021, the IRS issued Notice 2021-10, which…
IRC Sections 121 and 1031 — Gain Exclusion and Deferral Riding Tandem
Intro. The residential real property market has been active recently for rental houses and principal residences It…
Proposition 19 Client Alert
California voters recently approved Proposition 19, which may significantly increase property taxes when real property is transferred…
California Small Business Hiring Tax Credit Application Period Underway
On September 9, 2020, Senate Bill 1447 was signed into law and created a new tax credit…
The CARES Act and Qualified Improvement Property
A provision of the Coronavirus Aid, Relief and Economic Security (CARES) Act has provided a much-anticipated technical…
Section 199A, SSTBs and Related Parties
Introduction. The Tax Cuts and Jobs Act of 2017 (the “Act”) added Section 199A to the Internal…
The Long Arm of California’s Franchise Tax Board
In two recent decisions, both of which will be precedential, the California Office of Tax Appeals (OTA)…
Section 1202 Qualified Small Business Stock Benefits Revisited
As we make it through 2020 and into 2021, one should consider revisiting the choice of entity…
California 1031 Exchange Scoreboard: TAXPAYERS 3 – FTB 1
In recent years, the California Franchise Tax Board (the “FTB”) has become known for auditing like-kind exchanges…