Fake Tax Bill Emails

The latest tax scam involves fake emails purporting to contain an IRS tax bill related to the Affordable Care Act. Click here for more information.

Waiver of 60 Day Rollover Requirement

Generally, money received from a retirement account such as an IRA or a 401(k) must be contributed or rolled over to another retirement account within 60 days failing which the money would be treated as a distribution and may be subject to tax and/or penalty (if there is an early withdrawal). Previously, if you failed […]

Was Your Home Destroyed in the Recent Fires?

If you recently suffered damage to your home due to the Santa Clarita Sand Fire, the Los Angeles Office of the Assessor is currently reviewing application for tax relief for property owners affected by the Sand Fire. In order to apply for the relief, complete the Tax Deferral and Disaster Relief forms. If you recently suffered damage […]

Found an Investor? Careful with the Tax Consequences

You have a great business idea and you need someone to provide capital and invest in your business idea in order to realize your vision. If you decide to provide the labor to develop the business in exchange for stocks in the company, those stocks would generally be treated as income and taxed at ordinary […]

Thinking of Moving to the US?

If you are thinking of moving to the US or even planning to come to the US for a few months, you should do some tax planning first before inadvertently becoming a US person for tax purposes. In the US, you are treated as a US person for tax purposes if you are a US […]