Feb 9, 2022
After much deliberation and contention, we contention, we are inching closer to a final version of the Build-Back-Better-America (BBBA) spending bill. Much to our surprise, many of the previously anticipated changes to tax rates and estate taxes were omitted from the recent bill.
Aug 30, 2021
Taxpayers have been leaving California in droves. California’s rising cost of living with increased ability to work remotely has resulted in an unprecedented exodus. In addition, California residents are taxed at one of the highest rates in the country. Many taxpayers are incentivized to leave the state for these reasons and others, but breaking residency in California can be a complex process that requires detailed tax planning.
Mar 22, 2021
March 15, 2021 marked the one-year anniversary of the Shelter in Place mandate. Shortly thereafter, on March 17th, the United States Treasury and Internal Revenue Service announced for the second time in history that the April 15th tax deadline would be postponed. 2020 tax filings and related tax payments normally due April 15th, for individual taxpayers ONLY, are now due May 17th, 2021.