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Tax Litigation & Advice

Our tax litigation group is headed by Brent Basilico, who holds an LLM in taxation. This group provides a range of tax advice and tax litigation services to individuals, as well as businesses of all sizes.

Trust Beneficiary’s Transfer Of Right To Income From Real Property May Trigger Property Tax Reassessment

Thursday, August 19, 2010
By James Ficenec
Trust Beneficiary’s Transfer Of Right To Income From Real Property May Trigger Property Tax Reassessment

Under California’s Proposition 13, property may be reassessed for property tax purposes under very limited circumstances.  One circumstance that can trigger reassessment is a change in ownership.  If a property has not changed hands for a significant period of time, reassessment may lead to a dramatic increase in property tax.  Three provisions of the... »

Innocent Mistakes While Using Tax Preparation Software Not A Defense To Penalties For Underreporting Taxes

Saturday, April 24, 2010
By James Ficenec
Innocent Mistakes While Using Tax Preparation Software Not A Defense To Penalties For Underreporting Taxes

In a recent Tax Court decision, the Court made clear that use of tax preparation software is not a defense to the imposition of penalties for filing an inaccurate tax return.     The Internal Revenue Code permits the Internal Revenue Service to impose a 20% penalty for either substantially underreporting income income tax or negligently... »