Ascendant LLP has been named to the 2025 Best Law Firms list by Best Lawyers! We are thrilled to share that Ascendant has achieved: – National Tier 2 ranking in Tax Law – Metropolitan Tier…
Effective April 1, 2024, trust bank accounts (both revocable and irrevocable) will now be insured up to $1.25 million rather than the current $250,000.00. This is huge news to clients who have funds across…
The Corporate Transparency Act (CTA) was enacted by Congress in January 2021 to address the issue of anonymous shell companies being used to facilitate illicit activities such as money laundering, terrorism…
Setting up a limited liability company (LLC) or a corporation in California can offer several benefits for business owners. One of the primary benefits of forming an LLC or corporation is limited liability…
On June 1, 2022, the Internal Revenue Service (“IRS”) released the first part of its annual “Dirty Dozen” list (the “List”) alerting taxpayers and practitioners of what the IRS considers potentially…
Tom started his tech company, ABC Tech, Inc., a corporation taxed as a C-Corporation, 10 years ago with a $100,000 investment with the goal of taking his company public. Over the years, Tom has brought…
If you are appointed as Trustee of a trust, it is your responsibility to make sure that the trust assets are managed and distributed pursuant to the terms of the trust. This is called Trust Administration…
One question I am regularly asked by clients who are selling their investment real estate property is if there is a way to achieve the following goals: (1) enter into a 1031 exchange, but at a smaller…
While I regularly help clients with installment sales transaction to defer payment of capital gains taxes, I am surprised how often I am asked by clients and their CPAs on how to properly report their…
