Articles

In the realm of estate planning, an irrevocable trust can be a powerful tool for Californians looking to preserve their wealth and secure their financial legacy for future generations. This type of trust, once established, cannot be easily …

A living trust is a popular estate planning tool that offers numerous advantages to individuals seeking to manage their assets and secure their financial future. In California, living trusts are increasingly being utilized as a proactive measure to …

When it comes to retirement planning, one of the most popular investment vehicles available to Americans is an Individual Retirement Account (IRA). There are two main types of IRAs: Traditional IRAs and Roth IRAs. While both are designed …

When a spouse passes away, their surviving partner often faces complex financial and legal challenges. One of the most important concerns is navigating the federal estate tax system, which can significantly impact the survivor’s financial future. In this …

Cost segregation studies have become increasingly popular among real estate owners and investors, thanks to the substantial tax savings they can provide. These studies are designed to analyze and reclassify property assets into shorter depreciation categories, enabling property …

In today’s competitive business environment, attracting and retaining top talent is a priority for many organizations. Employee benefits play a crucial role in this effort, as they can significantly impact an individual’s decision to join or remain with …

The 1031 exchange, also known as a like-kind exchange or Starker exchange, is a valuable tool for real estate investors looking to defer capital gains taxes when selling a property. This tax-deferral strategy, named after the Internal Revenue …

Preparing for retirement is a critical aspect of personal financial planning. One way to secure a comfortable retirement is by investing in employer-sponsored retirement plans or individual retirement accounts (IRAs). Among the various options available, 401(k)s, SIMPLE IRAs, …

Health Savings Accounts (HSAs) are a popular vehicle for saving on medical expenses and reducing your taxable income. While these accounts have traditionally been used to cover out-of-pocket medical costs, savvy investors are increasingly utilizing them for investment …

Charitable giving is a noble way to support causes you care about while also benefiting from tax advantages. However, navigating the different types of donations, reporting requirements, and tax implications can be challenging. This article will provide a …

The personal mortgage interest deduction is a valuable tax benefit that many homeowners take advantage of to reduce their taxable income. However, as with any tax benefit, there are specific limitations and rules that govern its use. Understanding …

The United States has implemented stringent measures to combat tax evasion and ensure transparency in international financial transactions. Among these measures are the Report of Foreign Bank and Financial Accounts (FBAR) and the Specified Foreign Financial Assets (SFFA) …

Stock options have become an increasingly popular form of compensation, offering employees a stake in the growth and success of a company. However, understanding the different types of stock options and their tax implications can be challenging. This …

Roth conversions, a process where you change a Traditional Individual Retirement Account (IRA) or 401(k) into a Roth IRA, is a retirement planning strategy that can offer significant tax advantages. However, this decision isn’t for everyone, and it’s …

The 83(b) election is an essential tax planning tool for individuals who receive equity in a company, especially in startups. It can provide significant tax savings if exercised correctly. In this article, we’ll explain the concept of the …

Donor Advised Funds (DAFs) have been gaining popularity in recent years as a way for individuals and families to donate to charity in a more strategic and tax-efficient manner. In this article, we will explore what DAFs are, …

September, 2022 Estimated tax payment requirements exist to ensure that the U.S. government has a steady cash flow throughout the year. An individual taxpayer is required to pay a certain amount of tax throughout the year, either through …

March 3rd, 2023 California has also extended their filing and payment due dates to October 16th, 2023. All items mentioned below have been extended to October 16th. Additionally, the Pass-Through Entity elective tax payment, originally due June 15, …

December, 2022 California, along with many other states, recently developed a workaround for owners of Partnerships and S-Corps to the $10,000 state and local tax (SALT) ceiling that was included in the 2017 Tax Cuts and Jobs Act. …

The Corporate Transparency Act “CTA” was enacted as part of the Anti-Money Laundering Act of 2020 in the National Defense Authorization Act for Fiscal Year 2021. The law is designed to help combat money laundering, terrorist financing, and …