Newport Beach, CA
Tax Lawyer at Newport Beach, CA
Practice Areas: Tax, Estate Planning
IRC Section 911. Revenue Procedure 2010-40.For 2011 a United States individual that is living abroad can exclude up to $92,900 of foreign-earned income.To take this exclusion the taxpayer must satisfy ...
See Full GuideIn a couple of recent Tax court cases the court ruled on a few items that cannot be considered alimony. Attorney Fees The court held in Nicholas v. Comm, TCS 2011-91, that attorney fees incident to...
See Full GuideIRC Section 25D. The Internal Revenue Service provides for a 30 percent credit for the installation of qualified solar water heating property, qualified solar electric property, geothermal heat pumps...
See Full GuideThe Federal government gave taxpayers a break in 2007when the Mortgage Forgiveness Debt Relief Act of 2007 was signed into law. It allows taxpayers the ability to exclude from income up to $2 million o...
See Full GuideThe FICA and Self employment tax rates are in for 2012. The only unknown at this time is whether the employee share of FICA (Social Security) will be reduced for 2012 as it was for 2011. The Maximum FI...
See Full GuideThe IRS is more aggressive than ever when it comes to proving up deductions that you claim on your income tax return. A particularly sensitive area in recent years is Charitable Donations. Especially, ...
See Full GuideDo you get a refund every year? If you do receive refunds you are giving an interest free loan to the government, because when you file your tax return and eventually get your refund back the governmen...
See Full GuideIf you decide to change the name of your company, what do you need to do as far as notification with the IRS. If you made a legal name change for your company there are a couple of things that you need...
See Full GuideGovernor Brown signed SB 458 into law. per California Association of Realtors: "Effective immediately for transactions closing escrow from this day forward, both senior and junior lienholders cannot r...
See Full GuideIf you are receiving workers compendation benefits you do not pay tax on the benefits received by you or your survivors for job related sickness or injuries paid under a workers compensation act or wor...
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