Category Archives for News Items

Rex Halverson – 2016 Top Lawyers in Sacramento

Rex Halverson has been named one of the 2016 Top Lawyers in Sacramento by Sacramento Magazine. Inclusion on this prestigious list cannot be purchased and is only awarded to lawyers who are selected by a vote of their peers. Keep an eye out for Rex in the August 2016 issue of Sacramento Magazine.

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Internet Tax Freedom Act

The U.S. Senate finally passed the Trade Facilitation and Trade Enforcement Act on February 11, 2016 by an overwhelming vote of 75-20, which had buried within its many provisions, the Permanent Internet Tax Freedom Act. Senate action had stalled the bill for months because of the dispute over taxing Internet sales. The bill has now been to the President […]

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FEDERAL TAX EXTENDERS 2015

PERMANENT PROVISIONS The new legislation makes numerous tax relief provisions permanent, including these major ones: Research and Development Credit (base credit, 14% Alternative Simplified Credit, eligible small businesses (50 million or less in gross receipts) may claim the credit against AMT and certain small businesses (less than 5 yrs. old with less than $5 million […]

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2016 Standard Mileage Rate Announced by IRS

2016 Standard Mileage Rate Announced by IRS Earlier this week the IRS announced the 2016 standard mileage rates used to calculate the cost of operating a motor vehicle for business, charitable, medical, or moving purposes. Starting January 1, 2016, the standard mileage rates are as follows: 54 cents per mile for business miles driven; 19 […]

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SB 8 (Hertzberg) – Expands California Sales Tax to Services

CALIFORNIA LEGISLATURE— 2015–2016 REGULAR SESSION SENATE BILL No. 8 Introduced by Senator Hertzberg December 01, 2014 An act relating to taxation. LEGISLATIVE COUNSEL’S DIGEST SB 8, as introduced, Hertzberg. Taxation. The Sales and Use Tax Law imposes a tax on retailers measured by the gross receipts from the sale of tangible personal property sold at […]

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2015 Standard Mileage Rate Announced by IRS

Earlier this week the IRS announced the 2015 standard mileage rates used to calculate the cost of operating a motor vehicle for business, charitable, medical, or moving purposes. Starting January 1, 2015, the standard mileage rates are as follows: 57.5 cents per mile for business miles driven; 23 cents per mile driven for medical or […]

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2014 Tax Extenders Act (H.R. 5771)

The House voted December 3rd to extend tax breaks through the end of 2014. The bill contained about 50 provisions benefiting individuals, businesses and non-profits. The bill now goes to the Senate for approval. Some of the larger tax breaks are noted below: Individual Tax Breaks Extended – Amends the Internal Revenue Code to extend […]

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Free Stockton Medical Marijuana Dispensary Owner Matt Davies

Free Stockton Medical Marijuana Dispensary Owner Matt Davies As a tax attorney, I rarely have crossed over into other areas of the law. That changed last year when I met Matt Davies, a Stockton medical marijuana dispensary owner that had just been sentenced to 5-years in federal prison for the sale and distribution of marijuana. […]

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GO-Biz Receives Applications for $559 Million in Tax Credits but Can Only Grant $30 Million

GO-Biz Received Applications for $559 Million for $30 Million California Competes Round Written by Max Shenker on May 27, 2014 In an email to interested parties, the Governor’s Office of Business Development revealed some of the results of the recent California Competes application round: Thank you for your interest in the California Competes Tax Credit […]

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California’s Business Climate is the 3rd Worst in the Nation

“The Tax Foundation’s 2014 edition of the State Business Tax Climate Index enables business leaders, government policymakers, and taxpayers to gauge how their states’ tax systems compare.” See full article here: 2014 State Business Tax Climate Index

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