Have you received a form similar to this in the mail? You’re not alone. California business owners, homeowners, and anyone who owns real property may recognize this and similar mailings. It looks very official due to the intentional design reflecting forms taxpayers and business owners are used to seeing from the Internal Revenue Service (IRS). Turns out—it’s a scam. There is nothing genuine about this document. In Read More

The Section 1202 exclusion offers California business owners a significant opportunity to reduce tax liability when selling qualified small business stock (QSBS). This provision allows owners of C corporation stock to exclude up to 100% of capital gains, provided the stock meets specific requirements under Section 1202 of the Internal Revenue Code. Understanding the conditions for qualification and common challenges Read More

Personalized and effective documentation forms a foundation for California businesses. The various documents established at incorporation and throughout the life of the business should cover critical points in the business journey. One of the challenges business owners face is keeping track of these agreements and understanding the scope of each. Buy-Sell Agreements and Shareholder Agreements are two of the most Read More

Americans face over $1.7 billion in student loan debt. That marks the second-highest form of debt held by American consumers behind just mortgage debt. Facing the burden of quickly rising college costs is a challenge modern families face when sending kids off to college. Thankfully, there are methods and tax strategies that allow you to ease that burden. Higher education tax credits, including the American Read More

You’ve worked hard to build a legacy that will span across multiple generations. From acquiring valuable assets to building wealth through effective financial accounts and real estate investing, your children and grandchildren are going to see the fruits of your labor. But, what they inherit may be subject to taxes - or worse yet a divorce or lawsuit - that would otherwise take away from what you’ve built. This is Read More

California law corporations face distinct tax obligations at the state and federal levels. These are typically structured as S-corporations or Limited Liability Partnerships (LLPs) in California.  Understanding the potential tax liabilities for different corporations is essential for compliance and for maximizing financial benefits. We work with shareholders in California law corporations and other professional Read More

Dahl Law Group is proud to announce that Owner and Principal Attorney Tyler Dahl has earned certification as a Business Enterprise Institute (BEI) Certified Exit Planner (CExP™). This is the highest standard in exit planning and a testament to Tyler and our firm’s commitment to helping California business owners through the necessary and intricate process of planning for their businesses' futures.  The CExP™ Read More

In yet another twist for the implementation of the Corporate Transparency Act (CTA), a federal court in Texas issued a preliminary nationwide injunction blocking the law. This halts the implementation of the entirety of the CTA, including the new Beneficial Ownership Information (BOI) reporting requirements that were set to take effect in the beginning of January 2025.  The Treasury Department’s Financial Crimes Read More

The U.S. Supreme Court recently handed down a decision that will have a significant impact on buy-sell agreements and estate valuations. Connelly v. United States is the Court’s latest in its string of major decisions in 2024 impacting California businesses. Connelly will fundamentally alter the way life insurance proceeds are treated in stock redemption agreements for estate tax purposes — supporting the Internal Read More

Developing an effective and personalized tax strategy requires a holistic understanding of the tax code. Applying and remaining aware of relevant laws and principles directly impacting your circumstances is part of Dahl Law Group’s commitment to our clients. One such principle is the Cohan Rule, which allows for flexibility in claiming deductions when specific documentation, like receipts, isn’t available. This rule Read More