IRS Announces 2018 Estate & Gift Tax Limits
The IRS has just released the 2018 table of upcoming exemptions, limits and deductions. As far as estate planners are concerned, the most interesting items involve [...]
CA Supreme Court Ruling Will Likely Lead to Flood of Tax Raising Ballot Initiatives
On Monday, the California Supreme Court decided a key case that will likely ensure a dramatic increase in the number of tax ballot initiatives. For [...]
First-Time Penalty Abatement Rules
Posting by Joseph ZimmerlThe First-Time Penalty Abatement Waiver or FTA Waiver is an Administrative Waiver, which provides taxpayers relief from certain assessed penalties. The purpose [...]
CA Supreme Court Applies Documentary Transfer Tax To Legal Entity Transfers
Surprisingly, the California Supreme Court has held that the Documentary Transfer Tax--that has historically only been applied when deeds were recorded affecting real property ownership [...]
Legislature Terminates the Board of Equalization
A potential sweeping change was made to California tax law and policy when the legislature passed AB 102, the Taxpayer Transparency and Fairness Act of [...]
The Increased Price of Gas: The Gas Tax
By Joseph Zimmerl: Anyone who drives in California knows that gas here is expensive. If you have ever driven to Oregon, Nevada or Arizona you [...]