On July 4, 2025, the President signed into law Public Law 119-21 (the “Act”). For individuals, the Act makes the tax rate cuts of the 2017 Tax Cuts and Jobs Act (“2017 TCJA”) permanent, and modifies and introduces additional...more
7/29/2025
/ ABLE Accounts ,
Clean Energy ,
Energy Policy ,
Energy Tax Incentives ,
Individual Retirement Account (IRA) ,
Internal Revenue Code (IRC) ,
IRS ,
One Big Beautiful Bill Act ,
Tax Credits ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Exemptions ,
Tax Incentives ,
Tax Rates ,
Tax Reform
We at the Buchalter law firm understand that many have suffered greatly as a result of the recent wildfires. The loss of life, and the loss of homes with memories is, of course irreplaceable....more
1/15/2025
/ Business Taxes ,
California ,
FEMA ,
Filing Deadlines ,
Franchise Taxes ,
Health Savings Accounts ,
Income Taxes ,
Internal Revenue Code (IRC) ,
IRS ,
Pass-Through Entities ,
Penalties ,
Property Tax ,
S-Corporation ,
Tax Planning ,
Tax Relief ,
Tax Returns
Proposition 19, which was marketed as a provision to benefit homeowners who are over 55, the disabled, and wildfire/disaster victims, actually contained major property tax increases. The increased property taxes will be paid...more
On August 8, 2020, the President of the United States issued a Presidential Memorandum directing the Secretary of the Treasury to use his authority pursuant to section 7508A of the Internal Revenue Code to defer the...more
The stock market has had record declines and many businesses are shuttered, at least temporarily. Long-term prospects may still be positive but in the near-term the value of many entities has reduced. Are there transactions...more
We hope this Alert finds you and your family healthy and safe during these unsettling times.
COVID-19 has interrupted all of our normal routines but has provided many of our clients with a unique opportunity to take a...more
On March 18, 2020, President Trump signed into law the bipartisan Families First Coronavirus Response Act (H.R. 6201) (the “Act”). H.R. 6201 requires employers with fewer than 500 employees to provide qualifying employees (as...more
- What does the Affordable Care Act (aka “Obamacare”) require of employers in 2014?
Beginning January 1, 2014, every “large employer” will be subject to Affordable Care Act penalties if at least 95 percent ...more