On November 3, 2020, California Residents passed Proposition 19 (2020) The Home Protection for Seniors, Severely Disabled, Families, and Victims of Wildfire or Natural Disasters Act (“Prop 19”). Prop 19 drastically changes California’s property tax laws. Prop 19 makes amendments to the state’s Constitution that are important for property owners in California: Prop 19 eliminates … Continue reading Prop 19 – Property Tax Changes
This is a summary of changes and stimulus programs available from the CARES Act. Given the fluid nature of the pandemic and the government’s response to it, these programs are subject to change. To get current information, or if you have questions, please give us a call at 415-781-4000 to discuss. Paycheck Protection Program (“PPP”) … Continue reading COVID-19 Relief Summary
Basic Court Fees Let’s get the boring things out of the way first. For the most straight forward probate, there largest filing fees are incurred at the beginning and end of the process. The 2018 fee charged to file a probate petition is $435. There will be a $435 filing fee to file the petition … Continue reading California Probate: How Much Does It Cost?
We’ve helped many clients come into compliance under both the offshore voluntary disclosure program (OVDP) and under the streamlined rules. The OVDP is coming to an end and there is the suggestion that the streamlined procedure may also sunset. If you have been putting off disclosing your offshore accounts, now is the time to take … Continue reading IRS to End Offshore Voluntary Disclosure Program
Learn more by clicking here. The IRS is clearly looking to have a direct impact on the lifestyles of taxpayers with unresolved tax debt. If you feel your tax liability is unjust, our office is available to discuss what your options are to seek relief. From the IRS website: Certification Of Individuals With Seriously Delinquent … Continue reading IRS Set to Begin Revoking Passports
Thank you to those who were able to tattend the 2018 tax reform conference call that took place last week, Jan. 10 at 1 pm, featuring Russell Stanaland and Abraham Martinez from Brio Financial Group. Interest in the talk was much greater than we anticipated. Who knew that our clients would be just as excited … Continue reading Tax Reform Conference Call Follow-Up and Recording
Plan Your Estate to: 1. Provide Stability For Your Family It is common for one spouse to end up managing most of the family’s financial affairs. In the event that spouse is the first to die, the surviving spouse can be left unaware of how to carry on the family’s financial affairs. This can lead … Continue reading Top 10 Reasons to Plan Your Estate
Brenda G. Wong interviewed Russell Stanaland for her weekly Q&A Tax Talk on the tax implications of building a guest house. Please find her article, published in Mansion Global, by clicking here.
Brenda G. Wong interviewed Russell Stanaland for a Q&A on the tax implications of purchasing property under a child’s name. Please find her article, published in Mansion Global, clicking here.
Russell Stanaland talks about California Trusts (video).