John Michael Goralka’s Guides

John Michael Goralka

Sacramento Trusts Attorney.

Contributor Level 7
  1. GST Tax Requires Special Planning

    Written by attorney John Goralka, about 2 years ago.

    After the estate tax was enacted, the government felt that transfers that skipped a generation or more would avoid the payment of estate tax on each generation.The Generation Skipping tax was enacted Designed to ensure that assets are taxed at each generational level, the Genera...

    2 people found this Legal Guide helpful

  2. The Ins and Outs of IRS Collection Actions

    Written by attorney John Goralka, about 2 years ago.

    Life isbad enough when borrowers can't pay off amounts owed to commercial creditors such as banks and other financial institutions. But people can find themselves in hot water if they owe the IRS money. What could happen? The IRS can establish a legal claim to a person's propert...

    1 person found this Legal Guide helpful

  3. Buying or Selling a Business

    Written by attorney John Goralka, about 2 years ago.

    STOCK OR ASSET SALE Sales of stock of a corporate business or membership interest in a limited liability company (LLC) typically favor the Seller and provide a lower overall tax burden or liability.However, stock sale generally does not provide the Buyer with any increased basis ...

    3 people found this Legal Guide helpful

  4. Planning for the 2013 Estate Tax Change

    Written by attorney John Goralka, about 2 years ago.

    January 1, 2013 will almost certainly bring substantial changes to the federal estate tax rates.Planning is needed to avoid the harsh result of the 55% estate tax rate.Sadly, most people that would benefit from the planning needed will fail to do so.2012 may very well provide ...

    2 people found this Legal Guide helpful

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