California Trust Law – Revised Probate Code section 15804
Earlier this year, California trust law got a meaningful update as Revised Probate Code section 15804 now gives trustees and beneficiaries a much broader ability [...]
The CARES Act–Summary of Tax Provisions-Major Relief For Businesses, Including Loan Forgiveness
In the midst of the Coronavirus epidemic, Congress is poised to pass a massive $2 trillion relief package known as the Coronavirus Aid, Relief and [...]
It’s Official. No Clawback For Huge Gifts Prior to 2026
In IR-2019-189, the IRS confirms that individuals taking advantage of the increased gift and estate tax exclusion amounts in effect from 2018 to 2025, will [...]
IRS Releases Inflation Adjusted Tax Figures for 2020
The IRS has just released the 2020 inflation adjusted numbers on income tax brackets, standard deduction amounts, and gift/estate tax exemptions, amongst other things. For [...]
Qualified Opportunity Funds–Excellent Opportunity to Defer (& Exclude) Capital Gain
Posted by Joseph Zimmerl:Under the 2017 Tax Cuts and Jobs Act, Opportunity Zones were added to the tax code under Internal Revenue Code section 1400Z-2. [...]