Major Provision in New Tax Laws

    In the past 12 months (starting late December 2017), we have seen perhaps the most significant changes to tax laws since the last major tax reform in 1986. These changes came from all three branches of the government. Congress passed the “Tax Cuts and Jobs Act of 2017” (“TCJA”) and the President [...]

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      Opportunity Zones in California

      The Tax Cuts and Jobs Act of 2017 (“TCJA”) has made significant changes to the tax laws, including the enactment of sections 1400Z-1 and 1400Z-2, also known as the Opportunity Zones (“OZ”), in order to encourage investment into distressed and low-income communities throughout the United States. [...]

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        Tax Law Forces Revamps for Agriculture Companies

        The 2017 Tax Cuts and Jobs Act has introduced section 199A, which generally provides special tax deductions to taxpayers doing business as pass-through entities. While an in-depth analysis of section 199A is beyond the scope of this article, section 199A generally allows a special deduction on 20% [...]

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          Tax Issues Arising From “Bargain” M&A Deals

          In a transaction consummated by parties who are unrelated and on an equal footing, one often assumes that the terms of the transaction should represent the fair market value of the property being exchanged. Even the tax law appears to follow the same assumption that “” After all, the fair market [...]

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