by
Jeanne L. Vance, Josh P. Concepcion
On December 23, 2024, the Fifth Circuit Court of Appeals granted the government’s emergency motion for a stay, effectively blocking a nationwide injunction issued by a district court against the Corporate Transparency Act (CTA) and its corresponding Reporting Rule. While this decision preserves the CTA’s reporting requirements, the Financial Crimes…
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Weintraub Shareholder Jeffrey Pietsch authored chapters 17 and 18 for the Continuing Education of the Bar (CEB) publication “Financing and Protecting California Businesses.” The publication covers the practical issues of raising capital, tax and regulatory compliance, and protection of business operations. The guide is available for purchase on the CEB…
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Since 1986, when Proposition 58 passed, certain transfers of real property between parents and their children have been excluded from reassessment for purposes of determining property taxes. Proposition 58 provided an exclusion from reassessment for (1) a principal residence of the transferring parent, and (2) the first $1 million of…
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In December 2020, President Trump signed into law the Consolidated Appropriations Act, 2021 (the CAA). In total, the CAA provides $900 billion in COVID relief, including $284 billion for additional Paycheck Protection Program (PPP) loans for new borrowers and “second draw” loans for existing borrowers. The eligibility requirements for a…
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by
Jim Clarke
This past Monday, December 21, a $900 billion pandemic relief bill came out of the U.S. House and Senate. It is called the Consolidated Appropriations Act, 2021. If President Trump signs it, it will become law. Weighing in at 5,593 pages in length, it addresses many areas, including vaccines, education,…
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Trusts & Estates Legal Updates
In 1978 California voters approved Proposition 13, a landmark measure that set—and has kept—property taxes at a low rate. This November’s ballot includes a proposition known as the “split roll” initiative that would make significant changes to Proposition 13. Currently, California treats commercial and residential properties almost identically when it…
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On June 4, 2020, the Internal Revenue Service published Notice 2020-39 (Notice) which provides relief to qualified opportunity funds (QOFs) and their investors in light of the COVID-19 pandemic. Here is a summary, and more details follow below: Investors who otherwise would be required to reinvest capital gains into a…
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On June 5, 2020, President Trump signed into law H.R. 7010 – the Paycheck Protection Program Flexibility Act of 2020 (“PPPFA”). The PPPFA makes significant borrower favorable amendments to the Paycheck Protection Program (“PPP”). Background. As our readers know, the PPP loan program was enacted pursuant to the CARES Act…
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