Tax

At a Glance Main Takeaway California Governor Gavin Newsom is targeting certain state residents who have set up an Incomplete Non-Grantor Gift Trust (ING Trust) in a state without an income tax to avoid paying taxes in California

On February 10, 2023, the IRS announced that regarding special state tax payments, “in the interest of sound tax administration and other factors, taxpayers in many states will not need to report these payments on their 2022 tax returns.” This includes the California Middle Class Tax Refund

At a Glance Main Takeaway With rising inflation worldwide, businesses must stay informed on how to combat inflation to prevent declining profit margins as the cost of goods and services increases

At a Glance Main Takeaway Operational transfer pricing is critical to global value chains for multinational corporations

https://windes.wistia.com/medias/d54s35zu4q?embedType=async&videoFoam=true&videoWidth=640   This webinar covers ASC 740 tax accounting for recent legislative changes

At a Glance Main Takeaway For real estate owners in Los Angeles, the recently passed Measure ULA, or the Homelessness and Housing Solutions Tax, may significantly impact your tax liability when buying or selling a property

The Governor’s office has announced that California will conform to the filing extensions granted by the IRS for California storm victims

The IRS is granting extensions to California storm victims until May 15, 2023, for the following filing and payment deadlines that were normally scheduled for on or after January 8, 2023: Individual income tax returns; Business return filings normally due between March 15 and April 18, 2023; Third and fourth…

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