Dear Clients and Friends, As a former IRS Attorney and Supervisory Attorney with the SBA (Small Business Administration) our offices continue to successfully represent not only family law clients but, as well, clients with tax, real estate and business legal issues in. Here’s … [Read more...] about Current IRS rules if you buy real estate from a foreign owner
Real Estate Law
Dear Clients and Friends, A growing number of divorced people are buying a house with a new partner to whom they are not yet married. In some cases, the couple plan to marry, but as a result of their current divorce and other complications they’re not able to arrange … [Read more...] about Recommendations on buying a house with another before you remarry
Dear Clients and Friends, Aside from child custody, the most emotionally charged issue in a divorce is usually who gets to keep the house. For most couples, a house is their most valuable asset, and it has an enormous symbolic value as well. But while couples often … [Read more...] about Divorce and thoughts on selling the family home.
Dear Clients and Friends, The essence of Community Property law concepts in California - and in other community property jurisdictions such as Alaska, Nevada, Idaho, Oregon, Washington Arizona, Lousiana and Texas - is the recognition that both spouses make valuable … [Read more...] about Property division in a California Dissolution of Marriage action
Dear Clients and Friends, Did you know that if you buy real estate in the U.S. from a foreign owner, you may have to withhold a chunk of the sale price and send it to the IRS? This is required by a law called FIRPTA (the Foreign Investment in Real Property Tax Act), which … [Read more...] about New rules if you buy real estate from a foreign owner
Dear Clients and Friends, If you lease your home to someone for a week or two through Airbnb, HomeAway, FlipKey, or some other short-term rental service, do you have to report the income on your taxes? Maybe! The answer can be complicated. In general, the key question is … [Read more...] about Short-term rentals (such as Airbnb) can create tax issues