Under current California Law, parents can transfer certain property to their children, without reassessment of property taxes. Such property includes a principal residence of any value, plus other property up to $1 million in assessed value.
In December 2017, the President signed into law the Tax Cuts and Jobs Act (“Tax Act” or “Act”), which introduces […]
To Our Clients and Friends: Now that the 2016 presidential election is over, it’s highly likely that the tax law […]
For businesses and individuals, what are the key tax updates for 2015 filing and 2016 tax planning? This list is meant to be useful but not comprehensive. No matter what, remember that Dunham Associates CPAs can help you meet 2015 corporate filing deadlines of March 15, 2016, and individual deadlines of April 18, 2016:
The Tax Increase Prevention Act of 2014 (the Act) was passed on December 16, 2014. Thankfully, the Act retroactively extends most the federal income tax breaks that would have affected many individuals and businesses, but only for one year through 2014. This leaves precious little time to take advantage of these tax breaks. Here is a quick summary of the most important tax changes—starting with those that affect individuals.