Lawyer Next Door
Professional Legal Insights and Information
Convert an S to a C Corporation
Convert an S to a C Corporation How to Convert S Corporation to a C Corporation: Everything You Need to Know To understand how to convert an S to a C corporation, you'll have to know which essential steps to follow. It's a pretty quick process, as [...]
What is IHSS
What is IHSS? Keeping the Disabled, Blind and Over 65 Safe At Home From the CANNR website... What is IHSS? IHSS is a statewide program administered by each county under the direction of the California Department of Social Services. It provides th [...]
Rules About Mello-Roos
Rules About Mello-Roos Mello-Roos fees... how do they work? What are some of the rules about Mello-Roos? Mello-Roos fees may be levied only as long as they are needed to pay off the bonds. Typically, the duration is 20-25 years but can be as lit [...]
Gift and Estate Taxes
Gift and Estate Taxes The 2021 Election and the Effect on Current Gift, Estate and Generation-Skipping Transfer Taxes Based on recent election results, attention has focused on what is in store for the federal transfer tax system. This article dis [...]
Build Back Better Act
Build Back Better Act What You Need to Know about this Potential Law and the Potential Impact it may have on Your Estate Planning The Build Back Better Act (the "BBBA") is proposed legislation released by the House Ways & Means Committee on Septem [...]
Tax Basis upon Death of a Partner
Tax Basis upon Death of a Partner What happens to tax basis upon death of a business partner? Upon death, the decedent’s estate is required to report as tax basis for estate tax purposes the fair market values of all applicable assets—either the v [...]
Stepped-Up Basis
Stepped-Up Basis The Stepped-Up Basis Benefit Stepped-up basis is a tax provision that allows heirs t