When two people with children from previous relationships get married, they form a blended family. While this can create a unique and loving situation, it raises some complicated estate planning considerations. In this article, we discuss how to ensure that your stepchildren are included in your estate plan and how to make sure that your biological children are never left out.
In February of 2022, the IRS and Treasury released proposed regulations that provide updated guidance for the SECURE Act of 2019, including significant changes for beneficiaries of inherited IRAs and 401(k) plans.
All too often, individuals pass away without leaving critical information such as financial accounts, legal documents, policies, and passwords. Learn how to create and what to include in a Legacy Binder for your loved ones.
If you provided anyone with a gift of more than $15,000 in 2021, you will need to file a Gift Tax Return. While most people
Securing in-kind donations is vital for any nonprofit or charitable organization, but just as important is accounting for them properly. In June 2020, the Financial
In July of 2021, Governor Newsom signed California Assembly Bill 150 into law, which is California’s solution to the SALT limitation.
According to an article from CNBC, here’s what to know as taxpayer advocate warns of potential for refund delays. The upcoming tax-filing season is shaping up to be a chaotic one.
The Tax Cuts and Jobs Act of 2017(TCJA) limited individual taxpayer’s deductions for state and local taxes paid to $10,000 per year.
On Thursday, April 29th, Governor Newsom signed California Assembly Bill 80 which partially conformed with the Federal tax treatment of PPP loans.
On April 1, 2021, the sales and use rate tax rate changed in Monterey County and many of the cities incorporating Monterey County. The tax rate changes listed below apply only within the indicated city or county limits.
The recent news that the Treasury Department and Internal Revenue Service have extended the upcoming tax filing deadline continues to cause confusion for many people. Therefore, we are posting this important update to help provide more clarity.
The second round of COVID relief was passed last month as part of the Consolidated Appropriations Act (CAA). This new Act enhances and extends the Employee Retention Credit (ERC) and now allows employers who previously received a PPP loan, to retroactively claim the credit as well by amending previously filed 941’s.