Cameron Hess

Wait Times for Business Filings at Secretary of State

May 30, 2011

If you want to know how long it will take for the Secretary of State to process your filing, the Secretary of State has a web site to let you know. By Mail:  The SOS is 65 days behind on new formations. By Over-the-Counter – Non-expedited:  The SOS is about 23 days behind. If you […]


IRS Announces Relief Program for Undisclosed Offshore Accounts and Assets

April 30, 2011

The IRS has recently adopted its second taxpayer relief period for unreported offshore accounts and assets.  The IRS’s prior Offshore Voluntary Disclosure Program (2009 OVDP), which closed on October 15, 2009, provided a uniform penalty relief structure for taxpayers who came forward voluntarily and reported their previously undisclosed foreign accounts and assets. Subsequent to October […]


California Amnesty Program Available for Abusive Tax Shelter Cases

April 10, 2011

For a few Californians the enactment of SB86 on March 24, 2011 is good news.  For others, SB86 may be very bad news. Narrow Tax Amnesty Program.  First, SB86 creates a narrow “tax amnesty program” from August 1, 2011 to October 31, 2011 aimed only at transactions considered a possible abusive tax shelter or an […]


Repeal of 1099 Corporate & Rental Property Reporting May Be Imminent

March 31, 2011

On April 14, 2012, the President signed H.R. 4, repealing previous legislation that required expanded, mandatory reporting of payments to suppliers of goods and services.  Under previous legislation, 1099 reporting was expanded, with a two year phase-in wherein there was required to be reported to the Internal Revenue Service (IRS) payments totaling $600 or more […]


Exemption for Software from Sales Tax

February 28, 2011

Under a recent California Court of Appeal Decision software licensed by Nortel to PacBell was held to be exempt from sales tax.  While the software was prewritten (canned) the copyrighted software included a process subject to patent rights. In Nortel, the court partly overturned Sales Tax Rule 1507, a regulation issued by the Board of […]


Mandatory Change in Ownership/Control Reporting

November 30, 2010

While most of us in the past may have ignored the requirement that a legal entity holding real estate timely file a Form BOE-100-B to report a change of ownership/control, as of January 1, 2010, non-reporting is not an option.  Effective January 1, 2010, the failure to timely report either transfers of interests in a […]