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Individual Tax Planning in Pre-Settlement Negotiations

Individual Tax Planning in Pre-Settlement Negotiations

Litigation can be stressful; and with such a focus on winning, tax is often the last thing on anyone’s mind. As a result, individuals and their attorneys often fail to consider the tax ramifications of a settlement award until it is too late. Given the current...
COVID-19 BUSINESS PERSONAL PROPERTY TAX IMPACT

COVID-19 BUSINESS PERSONAL PROPERTY TAX IMPACT

In response to the COVID-19 outbreak, California, along with numerous other states and other filing jurisdictions, will allow taxpayers to defer payments and waive penalties associated with Business Personal Property Taxes (BPP). On the State / County / Local levels,...
COVID-19 Relief – White House Update

COVID-19 Relief – White House Update

On August 8, 2020, President Trump signed a series of executive orders following a standstill in COVID-19 relief negotiations. These executive orders include a payroll tax “holiday” for workers earning under $100,000, a new round of enhanced unemployment benefits, a...

COVID-19 Losses May Be Deductible on 2019 Return

On March 13, President Trump invoked the Stafford Act and declared a national emergency due to the COVID-19 pandemic. As a result, under Code Sec. 165(i), certain taxpayers may be able to deduct disaster losses that are attributable to COVID-19 on their 2019 return,...