trust-estate-matters

ALERTS & ARTICLES/

Trust & Estate Matters

Aug

31

2021

New California SALT Cap Workaround Signed into Law

Governor Gavin Newsom signed A.B. 150 on July 16, 2021, establishing a federal tax cap workaround for individual deductions allowed for state and local taxes (SALT). The option provided by A.B. 150 is available to qualifying S corporations, partnerships, and limited liability companies. Download PDF > SALT Cap Workaround Explained A.B. 150 offers a workaround […]


Jul

20

2021

Make the Most of the Employee Retention Credit

The Employee Retention Credit (ERC) was created in March 2020 under the CARES Act to encourage employers to keep their workforces intact during the COVID-19 pandemic. Since then, both the Consolidated Appropriations Act (CAA) and the American Rescue Plan Act (ARPA) have extended opportunities to use the ERC and expanded eligibility for it. But questions […]


Apr

07

2021

2021 Federal Tax Calendar

To help ensure you don’t miss any important 2021 deadlines, we’ve provided this summary of when various federal tax-related forms, payments, and other actions are due. Let us know if you have questions about the deadlines or would like assistance in meeting them. You may also wish to view our Pocket Tax Guides, which are […]


Mar

30

2021

Webinar Recording: “California Residence: Should I Stay or Should I Go?”

The recording is now available of our recent webinar, “California Residence: Should I Stay or Should I Go?” Please click below to watch it on YouTube. Watch the Recorded Webinar > Seiler Tax Partner David Sacarelos and GHJ Principal and State and Local Tax Practice Leader Frances Ellington presented on California Residency, discussed hot topics […]


Mar

25

2021

The American Rescue Plan Act Has Passed: What’s in It for You?

Congress has passed additional legislation aimed at providing economic and other relief from the COVID-19 pandemic that has haunted the country for the last year. President Biden signed the 628-page American Rescue Plan Act (ARPA) into law on March 11; it includes $1.9 trillion in funding for individuals, businesses, and state and local governments. The […]


Feb

26

2021

The Consolidated Appropriations Act Brings COVID-19 Relief (And More) to Individuals and Businesses

Late in 2020, Congress passed a $900 billion COVID-19 stimulus relief package with large bipartisan support. The relief package is part of the nearly 5,600-page Consolidated Appropriations Act (CAA), which also contains numerous other tax, payroll and retirement provisions. The following are key provisions that affect individual taxpayers and businesses. Download PDF > Relief for […]


Jan

08

2021

New COVID-19 Aid Package Contains $900 Billion in Federal Funding and Tax Breaks

After months of negotiations in Washington, Congress reached agreement on a new $900 billion aid package to address the ongoing fallout from the COVID-19 pandemic. The Consolidated Appropriations Act of 2021 (CAA), which Congress approved on December 21 and President Trump signed on December 27, expands and extends several critical provisions of last spring’s CARES […]


Oct

23

2020

Compare and Contrast: How the Republican and Democratic Tax Plans Differ

With the presidential election fast approaching, many people are paying closer attention to each candidate’s positions on such issues as the COVID-19 pandemic, health care, the environment and taxes. Among their many differences, President Donald Trump and former Vice President Joe Biden have widely divergent tax proposals. Their stances could have a major impact on […]


Jun

05

2020

CARES Act Retroactively Postpones Limit on Excess Business Losses

The Coronavirus Aid, Relief, and Economic Security (CARES) Act allows for the retroactive postponement of, and changes to, the limits on excess business losses. The provision applies to individuals, trusts, and estates who own (or may own in the future) a business directly or as a partner or shareholder in an S corporation. Download PDF […]


Apr

15

2020

IRS and California Announce Tax Deadline Updates

The Internal Revenue Service has announced an extended deadline for both federal income tax filings and payments. Any taxpayer with a payment due on April 15, 2020, is considered to be affected by COVID-19 and eligible for this relief. California recently announced similar tax extensions. Download PDF > Postponed Federal Filing and Payment Dates The […]


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