Tax Alerts

Tax Cuts and Jobs Act – Meals and Entertainment and Employee Fringe Benefits Update

By | March 28, 2018|

The changes to the meals and entertainment (“M&E”) and employee fringe benefits has been one of the most confusing and misunderstood areas under the new Tax Cuts and Jobs Act (“TCJA”).  As more information becomes available about the TCJA, there appears to be some consensus as to what [...]

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Treatment of Qualified Improvement Property under the Tax Cuts and Jobs Act

By | March 28, 2018|

On Dec. 22, 2017, the President signed the Tax Cuts and Jobs Act (“TCJA”). This act changed many provisions of the Internal Revenue Code (“IRC” or “the Code”). Some notable modifications include changes to the treatment of Qualified Improvement Property (“QIP”). Qualified Improvement [...]

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Bipartisan Budget Act Analysis

By | March 28, 2018|

New Act Includes Disaster Tax Relief for Victims of California Wildfires On Friday, February 9, 2018, Congress passed and the President signed into law the Bipartisan Budget Act of 2018 (the Act), putting an end to the short-lived government shutdown. In addition to keeping the government [...]

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Final GOP Tax Analysis

By | March 28, 2018|

On Friday (December 15, 2017), the Joint Conference Committee bridged the differences between the House and Senate bills and unveiled the final version of the tax reform bill. Both the House and Senate plan to vote on the bill early this week and get it ready for [...]

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GOP Tax Plan Analysis

By | March 28, 2018|

In the early hours of Saturday (December 2, 2017) morning, the U.S. Senate passed the Tax Reform bill.  While the overall framework of the Senate bill is similar to the House bill passed on November 16, 2017, there are certain differences.  It is anticipated that the [...]

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President Trump’s Tax Plan Revealed

By | March 28, 2018|

On Wednesday, April 26, the White House issued President Donald Trump’s main goals and priorities for tax reform, including significant cuts of the corporate tax rates, moving to a territorial tax system and eliminating business tax breaks for special interests. The White [...]

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New Due Dates for Submitting Forms W-2 and 1099-MISC is Jan. 31

By | March 28, 2018|

Some of the many tax items that companies send out in the early part of each year are payroll forms: W-2, 1099-MISC and a few others. Under prior rules, employers and business had until Feb. 28 to submit the previous year W-2 to the Social Security Administration and [...]

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BE-10 Surveys Must Be Filed by June 30 for First-Time Filers

By | March 28, 2018|

In the interest of keeping you informed of developments in the international tax area, please note that the US Department of Commerce Bureau of Economic Analysis (“BEA”) is conducting a survey which is requiring every US Person (that has previously not filed) to file Form [...]

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Quarterly California Tax Legislative Update: April 2013 - June 2013

By | March 28, 2018|

The purpose of this quarterly California Tax Legislative update is to provide our clients and prospective clients with timely and meaningful updates that affect both their personal income and business taxes. The 2nd Quarter of 2013 saw a proposed law change that [...]

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Quarterly California Tax Legislation Update: January 2013 – March 2013

By | March 28, 2018|

The purpose of this quarterly California Tax Legislative update is to provide our clients and prospective clients with timely and meaningful tax legislative updates that will affect both their personal and businesses taxes. While the First Quarter of 2013 was considerably [...]

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Post-Election Tax Implications

By | March 28, 2018|

With the 2012 election behind us, we wanted to provide you with a brief overview of the likely changes immediately ahead of us and its implications for taxpayers from both a federal and California perspective. The election, which ultimately turned out to be a [...]

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