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Jared R. Callister

California Tax Review

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IRS Proposes New Regs To Limit FLP Discounts

On August 4, 2016, the IRS issued proposed regulations that would greatly reduce estate and gift tax valuation discounts that estate planners have used for years to reduce the value of family-owned businesses for estate and gift tax purposes.   In particular, the proposed regulations further interpret Section 2704, which generally deals with voting or liquidation rights of minority owners tha

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So How Long Can the IRS Collect From Me?

One of the most frequent questions I am posed by clients is how long the IRS has to engage in collection activities.  Most clients are aware of the "10-year rule" but other than its name, have little to no knowledge as to how it actually works or how the collection statute relates to the IRS's ability to impose liens.

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How to Pay a Deceased Employee's Unpaid Wages

It is inevitable for any business that at one point in time or another, one of its employees will pass away.  During this difficult time, employers are not only faced with trying to be helpful to grieving family members but they are confronted with the difficult legal and tax questions of who is actually entitled to receive the deceased employee's unpaid wages and how should such wages be paid. 

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Why Mark Zuckerberg (and others) are Setting Up For-Profit Charitable Enterprises

There is a quite a bit of publicity out there about Mark Zuckerberg's new 99% initiative where he has pledged to give away 99% of his ownership in Facebook company shares to non-profit entities and organizations.

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