by Rachel Wright | Sep 14, 2020 | News, Tax
When a seller is paid over several years, she may be eligible to report some of the gain pro rata with each installment, rather than all at once. See IRC §453(c) (installment method defined). However, the installment method is not always available. In some cases,... by Rachel Wright | Sep 7, 2020 | News, Tax
By Andrew Gradman Published at www.gradmantax.com on August 17, 2020. This article is intended for general information only and does not constitute legal advice. Every investment must be evaluated on its specific facts, and every investor should seek tax advice... by Rachel Wright | Aug 28, 2020 | News, Tax
IT’S TIME TO FILE YOUR TAX RETURNS! On June 29, 2020, the Internal Revenue Service announced that the tax filing deadline of July 15 will not be postponed. Thus, individuals, trusts, estates, C-corporations, and others with an April 15 deadline who filed for an... by Rachel Wright | Aug 7, 2020 | News, Tax
Please note that Sales and Use Tax rates changed in California Cities and Counties are effective July 1 2020. Be sure to visit the CDTFA to determine the appropriate tax rates for your transactions. https://cdtfa.ca.gov/taxes-and-fees/rates.aspx As always, please... by Rachel Wright | Jul 24, 2020 | News, Tax
By Andrew Gradman, Esq. An earlier version of this article was published by California Continuing Education of the Bar (CEB.com) on June 25, 2020 On May 29, 2020, the California Secretary of State announced that the California Schools and Local Communities Act of 2020... by Rachel Wright | Jul 24, 2020 | Cannabis Business, Tax
By Andrew Gradman Esq and AB FinWright Partners Abraham Finberg & Rachel Wright In addition to the sales and use tax, California cannabis businesses pay two unique taxes: The cannabis excise tax, and the cannabis cultivation tax. This article discusses the...