Publications - Ascendant LLP

Claiming a Casualty Loss Deduction for California Wildfires in 2025

Raul Escatel
Income Tax Planning

The devastating wildfires that swept through Southern California in 2025 (“2025 Wildfires”) left many homeowners and businesses grappling with significant property damage and financial losses. In response…

2025 Best Law Firms Award

Alexander D. Lee
Announcement

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…

Welcome to Our Newest Attorney, Yuri Choe

Aaron Yen
Announcement

Announcement: October 01, 2023 Welcome to Ascendant LLP’s Newest Attorney, Yuri Choe We are delighted to welcome Yuri Choe as Ascendant LLP’s newest attorney. Yuri’s expansive corporate and…

FDIC Increases Insurance Coverage for Trust Bank Accounts

Alexander D. Lee
Asset Protection

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…

Winter is Coming in 2024: The Corporate Transparency Act

Alexander D. Lee
Business Formation

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…

Piercing the Corporate Veil in California

Alexander D. Lee
Business Formation

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…