The Gift Clock is Ticking
The Gift Clock is Ticking: Tax Changes to Expect in 2026 Federal tax laws are changing on January 1, 2026. What does this mean? It means the amount that you can give away without gift or estate tax will be cut in half. With that in mind, here’s what you need to know… CHANGES IN […]
Mutual Water Company Taxation: What Your Company Needs To Do
Mutual Water Company Taxation: What Your Company Needs To Do For mutual water companies, taxation can be a confusing topic. As attorneys who have an experienced water law and public agency practice area, we have three must do’s regarding mutual water company taxation. APPLY FOR AND HAVE FEDERAL TAX-EXEMPT STATUS Under federal law, mutual water […]
Legal Entities and Real Property: Limiting Reassessment
Legal Entities and Real Property: Limiting Reassessment Legal practitioners have rightfully promoted the many advantages of holding real property in corporations, limited liability companies (LLCs), and other legal entities. By doing so a landowner can limit personal liability, exercise a degree of anonymity, and realize various tax efficiencies. However, when advising clients regarding the transfer […]
