• 12.20.17

    Limitation on Deduction of Executive Compensation in Excess of $1M

    The recently enacted Tax Cuts and Jobs Act substantially modifies the limitation on corporate deductibility of executive compensation under Section 162(m) of the Code.

  • 05.23.16

    Partners Are Not Employees, Yet

    Recently the IRS issued guidance in the form of temporary and proposed regulations clarifying that individuals who are partners in a partnership that itself owns a disregarded entity are not to be treated as employees of the disregarded entity for various tax law purposes.

  • 02.12.16

    PATH Act Amends FIRPTA

    Congress enacted the Foreign Investment in Real Property Tax Act (FIRPTA) in 1980 to impose U.S. income tax on certain foreign persons that invest in United States real property interests (USRPI).

  • 01.26.16

    The Built-In Gains Tax

    Many business owners are aware that, if a business is operated through a C corporation, the corporation pays tax on the profits and, when the profits are distributed to the shareholders in the form of dividends, the shareholders pay tax on the dividends.

  • 12.22.14

    President Signs Extender Tax Breaks at Year End

    There is a group of approximately 50 tax provisions that are enacted as temporary measures, but which Congress routinely reenacts.

  • 05.07.14

    Virtual Currency & IRS Reality

    The Internal Revenue Service recently issued Notice 2014-21 to provide guidance for the tax treatment of virtual currency, such as Bitcoin.

  • 12.04.13

    1031 Exchanges: Exchanging Out of California? Do Keep In Touch

    As we have noted previously, many property owners are aware that one can sell investment property and reinvest the sales proceeds in like-kind investment property without having to pay tax on the sale.

  • 10.28.13

    Governor Signs Bill Providing Retroactive Tax Relief to Sellers of Qualified Small Business Stock

    On October 4, 2013, Governor Brown signed into law California Assembly Bill 1412 (Stats. 2013, ch. 546) (AB 1412), which provides tax relief to those individual taxpayers affected by the decision in Cutler v. Franchise Tax Board, 208 Cal. App. 4th 1247 (2012).

  • 09.04.13

    The New NYSE and Nasdaq Listing Standards: What Should Companies Be Doing?

    It has been nearly two months since the NYSE and Nasdaq listing standards became effective that require compensation committees to assess the independence of their consultants, legal counsel and other advisors.

  • 08.30.13

    Internal Revenue Service Rules on Tax Treatment of Same-Sex Couples

    Following the United States Supreme Court’s recent decision recognizing same-sex marriages [United States v. Windsor, 570 U.S. __, 133 S.Ct. 2675 (2013)], on August 29, 2013, the Internal Revenue Service issued Revenue Ruling 2013-17 and two sets of FAQs addressing the taxation of same-sex ...