Cameron Hess

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 […]


Estate Planning – Does It Still Make Sense?

July 30, 2010

Congress voted last December to increase the unified gift, estate and generation skipping transfer tax exemption to $5 million.  Given this change, does estate planning still make sense? It does.  Estate planning is not just about taxes.  It involves the disposition of your assets during your lifetime and upon your death.  Without a written estate […]


Tax & Issues Related to Distressed Properties in the New Millennium

June 18, 2008

The California’s real estate market is troubled by a number of factors including: Depressed residential and commercial real estate values; Stagnant growth in employment; Skittish buyers; Over-extended financing and speculation; and Billions of dollars worth of variable/interest only loans “resetting.” These factors have caused record numbers of defaults or near defaults on residential property financing.  […]