Summer is a popular time to move, whether it’s so the kids don’t have to change schools mid-school-year, to avoid having to move in bad weather or simply because it can be an easier time to sell a home. Unfortunately, moving can be expensive. The good news is that you might be eligible for a […]
The tax consequences of the sale of an investment, as well as your net return, can be affected by a multitude of factors. You might be focused on factors such as how much you paid for the investment vs. how much you’re selling it for, whether you held the investment long-term (more than one year), […]
When it comes to estate planning, asset protection is paramount. No matter how well your estate plan is designed, it won’t benefit anyone if you wind up with no wealth to share with your family. If you have substantial assets in employer-sponsored retirement plans or IRAs, it’s important to understand the extent to which those […]
These factors can have a big impact. Some charitable donations provide larger deductions than others, and it isn’t necessarily based on how much – or even what – you donate that matters. How the charity uses your donation can have a large outcome on your deduction. Take vehicle donations, for example. If you donate your […]
Congratulations to Nicholas Sanchez, one of MKA’s taxation attorneys, on being named as a “Rising Star” in the accounting industry!
by Julia Damasco We provide expert tax planning and compliance services for same sex couples and domestic partners. Contact me if you would like to talk about our experience and the specialized services we provide. The IRS has created several resource documents addressing tax issues unique to same sex married couples and certain domestic partners. […]
Retirement plan contribution limits are indexed for inflation, but with inflation remaining low, most of the limits remain unchanged for 2017. The only limit that has increased from the 2016 level is for contributions to defined contribution plans, which has gone up by $1,000. Type of limit 2017 limit Elective deferrals to 401(k), 403(b), 457(b)(2) […]
California AB 1513, which went into effect on January 1, 2016, added section 226.2 to the California Labor Code. The statute establishes standards for compensating “piece-rate” employees for rest and recovery periods and other nonproductive time going forward from the effective date of the statute. Labor Code section 226.2 also establishes a process for employers […]
LOS ANGELES, Oct. 3, 2016 – Miller Kaplan Arase LLP (“Miller Kaplan”) is pleased to announce that effective October 1, 2016, the tax and consulting experts at Damasco & Associates, have joined the Firm – further expanding its reach through new locations and elite services. Miller Kaplan is one of the top 100 accounting firms […]
(LOS ANGELES, CALIFORNIA) August 19, 2016 – Michael Kaplan, a Partner CPA from Miller Kaplan Arase LLP, has been recognized by Billboard Magazine as one of the top 30 music managers in the industry. Compiling the exclusive list from surveyed industry sources, including executives who rank in Billboard’s annual Power 100 list, the media mogul […]
The majority of tax-exempt organizations need to file IRS Form 990 on an annual basis. The return provides an overview of an organization’s financial information, activities, and governance. There is also a section for the organization to present an overview of accomplishments during the year in order to justify and maintain its tax-exempt status. Tax-exempt […]