Estate and Gift Tax Changes Scheduled for 2013

Late in 2010, President Obama signed into law The Tax Relief, Unemployment InsuranceReauthorization, and Job Creation Act of 2010 (the “2010 Tax Act”) providing significant changes to the tax laws.  This Act contained significant new transfer tax (estate and gift tax) provisions and also extended the so-called Bush tax cuts both of which are set to sunset at […]
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California Franchise Tax Board

Several of our clients have in the past created Nevada limited liability companies (LLC’s) or Nevada limited partnerships (LP’s) with the intent of holding investment or vacation properties located in California.  Prior to 2011 the idea of a Nevada entity merely holding investment property in California would not have triggered any California taxes because the entity would not […]
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