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Matthew D. Carlson

Should You or Shouldn’t You Dissolve an LLC When the Business Is Over?

June 17, 2019

Originally published in the California Business Law Reporter – March 2019 – Volume 40 – Number 5.   Introduction One of the most frequently asked questions we encounter in our practice is whether a Belan. Clients usually want to avoid the necessity of paying the minimum franchise tax of $800 in California, filing tax returns […]

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Musings on Implications of the Repeal of the Technical Termination Provisions Under IRC 708 for 1031 Exchanges

June 17, 2019

The real estate industry customarily uses limited liability companies or limited partnerships(herein “partnerships”) to hold real estate assets due to the tax flexibility under Subchapter K.  A common issue arises when it comes time to sell the underlying real estate asset and some owners (herein “owners” or “partners”) want to exchange while others do not.   […]

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June 28, 2019 – CLA Annual Income Tax Seminar

June 11, 2019

The California Lawyers Association is holding their annual income tax seminar in San Diego on Friday June 28, 2019. WKBKY Attorney Matt Carlson will be speaking at the event on Qualified Opportunity Zones and Tax Credits: New IRS Guidance This seminar is intended to provide a detailed analysis of the qualified opportunity zones tax-incentive, describe deferral […]

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New Legislation: Qualified Domestic Corporations & LLCs May Apply For Voluntary Administrative Dissolution Or Cancellation

January 17, 2019

Effective January 1, 2019, the Franchise Tax Board (“FTB”) has the authority to administratively dissolve suspended entities.  The FTB’s new procedures are available for both qualified domestic corporations as well as qualified domestic limited liability companies (“LLCs”). Assembly Bill No. 2503 (“AB 2503”) was approved by Governor Brown on September 22, 2018, and authorized the […]

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IRS Issues Final Return Preparer Regulations

December 17, 2018

Back in August, we announced that WKBK&Y attorney Matthew D. Carlson (member of the Taxation Section of the CLA, and Vice Chair of the Income and Other Tax Committee) and other members of the California Lawyers Association Taxation Section had submitted comments to the IRS and Treasury regarding proposed regulations under IRC § 6695(g), Tax Return Preparer Due […]

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Comments on Proposed Regulations on Tax Return Preparer Due Diligence Penalty

August 24, 2018

Members of the Taxation Section of the California Lawyers Association (“CLA”) are pleased to submit these comments on proposed regulations under IRC § 6695(g), Tax Return Preparer Due Diligence Penalty under Section 6695(g). These comments were prepared by Kevan P. McLaughlin, Chair of the Taxation Section’s Tax Procedure & Litigation Committee, Brian M. Katusian, Vice […]

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