Tax
Mar. 13, 2023
Californians get more tax relief
While it may be too late to achieve tax relief this year, many investors, business owners and their counsel will be heartened to learn an investment in commercial properties – whether it’s a small multifamily community or large office building – can provide major tax advantages.
Phil Jelsma
Partner and Chair of the Tax Practice Team
Crosbie Gliner Schiffman Southard & Swanson LLC (CGS3)
Email: pjelsma@cgs3.com
Phil is chair of the tax practice team at CGS3. He is recognized as a leading joint venture and tax attorney, with a 30-year background in real estate exchange transactions, syndications, nonprofit corporations and international tax planning.
The Internal Revenue Service (IRS) has once again extended the tax deadline for disaster area victims in California, who now have until Oct. 16 to file federal individual and business tax returns, and make payments.
The change, announced on Feb. 24 by the IRS, offers “relief for victims of severe winter storms, flooding and mudslides in California,” including residents of San Diego, Los Angeles and dozens of other counties throughout the s...
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