Newport Beach, CA
Tax Lawyer at Newport Beach, CA
Practice Areas: Tax, Estate Planning
Tax Basis of Personal Residence The tax basis for your personal residence is determined generally as follows: 1) Your original purchase price, plus 2) Improvements you have made to the property. ...
See Full GuideWhen do I have to give someone a Form 1099? If you pay someone over $600 and they are not incorporated -- you need to provide them with a Form 1099 and provide a copy to the IRS. Also, if you pay an...
See Full GuideBasic Estate Planning Documents The following documents should form the basis for your estate plan: 1) Living Trust - A revocable trust that forms the basis for your estate plan. Your assets will ...
See Full GuideIs Tax Planning Legal? I often get the comment "Isn't tax planning illegal, or at the least unpatriotic?" When I get this comment I love to quote the following case: Gregory v. Helvering, 293 U.S. ...
See Full GuideNew Homeowner Tax Advantages So you just bought your new home and you are wondering what tax advantages it is going to offer you, or everyone has been telling you to buy a home for the tax advantages...
See Full GuideNOL Carrybacks Are you looking for a way to increase your cash flow in a troubled economy? Well, look no further -- The Federal government is here to help. One of the favorable changes that the Oba...
See Full GuideHow Much Mortgage Interest can I deduct as a homeowner? So just how much interest can you deduct from your home loan? This is a basic tax question that is often answered incorrectly. You may not de...
See Full GuideHow Are You Currently Filing Your Income Taxes? Are you currently filing you business tax return as a partnership or a sole proprietorship? If you are, your income from the entity is treated as 100%...
See Full GuideIf you have a Short Sale are you covered by the Mortgage Forgiveness Debt Relief Act? The short answer is yes. If the debt is otherwise qualified debt that was used to buy, build, or substantially i...
See Full GuideWhat is Canceled Debt? If you borrowed money to purchase your residence from a commercial lender and the lender later cancels or forgives the debt through a loan modification, short sale, foreclosure...
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