Insights

By Fernando Jimenez Recent reports have raised anew concerns about the impending insolvency of the Social Security program, absent congressional action. Social Security reform has long been considered a “third

By Fernando Jimenez The Inflation Reduction Act (IRA) extended and expanded the Section 30D Clean Vehicle (CV) Credit, previously known as the Electric Vehicle (EV) Credit. The credit now covers “clean

For the third year in a row, Assemblymember Alex Lee (D-San Jose) has introduced a wealth tax, AB 259, along with a proposed constitutional amendment, ACA 3, which would tax

By Manny Ramirez and Fernando Jimenez President Biden has released his proposed budget for the federal government for the 2024 fiscal year. The budget, which aims to cut the deficit by

By Manny Ramirez Last week, the U.S. Supreme Court limited the ability of the IRS to impose penalties on those who do not report foreign accounts. The Case & the

By Fernando Jimenez The state of California is conforming with the IRS and extending the tax filing deadline for Californians affected by December and January winter storms. The extended deadline

By Fernando Jimenez The 2022 mid-term election has shifted the scales in Washington, D.C., with the Democrats no longer controlling both houses of Congress. While it remains to be seen

By Martin Gamez and Fernando Jimenez One delayed tax impact of the 2017 Tax Cuts and Jobs Act (TCJA) went into effect as of January 1, 2022. Taxpayers may no

TAX EXTENSION. text on an open notepad on a gray background. calculator. notebook.By Nicole Hagaman California residents and businesses in certain counties have been given an extension until May 15,