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Phil Jelsma

See more on Phil Jelsma

Partner and Chair of the Tax Practice Team
Crosbie Gliner Schiffman Southard & Swanson LLC (CGS3)



Email: pjelsma@cgs3.com

Crosbie Gliner Schiffman Southard & Swanson LLP (CGS3) is a San Diego-based commercial real estate law firm with offices in Los Angeles. Phil Jelsma 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.



Columns
Title Category Published
Tax relief approved for LA County wildfire victims Tax, LA Fires Jan. 15, 2025
Employers exhale: FTC non-compete rule invalidated by Texas judge Labor/Employment, Administrative/Regulatory Aug. 28, 2024
Legal challenges persist as Corporate Transparency Act takes effect Corporate Aug. 23, 2024
Tax relief approved for San Diego County flood victims Tax Mar. 4, 2024
$80 billion bipartisan tax plan in the works Tax Jan. 22, 2024
Businesses elevated as guardians of national security and financial integrity Corporate Dec. 5, 2023
Section 1031 may help affordable housing gain momentum Tax, Real Estate/Development Oct. 5, 2023
IRS notice and demand letter causes confusion Tax Aug. 3, 2023
When is unpaid rent a liability? Tax, Contracts Jul. 26, 2023
Definition of a profits interest examined by tax court Tax Jun. 15, 2023
Californians get more tax relief Tax Mar. 13, 2023
Rain brings water, floods and tax relief Tax Jan. 18, 2023
Phasing out the bonus depreciation tax break Tax, Labor/Employment Dec. 19, 2022
FinCEN’S final rules require disclosure of ownership Criminal, Banking Oct. 19, 2022
Key tax provisions in the Inflation Reduction Act Tax Sep. 1, 2022
The Empire Strikes Back against carried interest Tax Aug. 4, 2022
Time deadlines after Boechler, P.C. v. Commissioner of Internal Revenue Tax, Constitutional Law May 17, 2022
Build Back Better includes tax provisions Tax, Government Nov. 16, 2021
California enacts workaround for SALT tax deduction limit Tax Jul. 27, 2021
IRS: opportunity zone sites will not be redrawn due to census Tax, Land Use Jun. 11, 2021
Stimulus bill gives music, entertainment and museum facilities a boost Government Apr. 8, 2021
New stimulus bill is much needed assistance to local restaurants Tax, Labor/Employment Mar. 30, 2021
IRS gives opportunity zone investors additional COVID-19 relief Jan. 28, 2021
Tax rules changed in the latest stimulus package for COVID-19 relief Tax, Labor/Employment Jan. 7, 2021
Year-end planning for opportunity zone investors Tax, Real Estate/Development Dec. 18, 2020
Internal Revenues Service finalizes Section 1031 real property definition Tax Dec. 8, 2020
IRS addresses treatment of expenses paid with PPP loans Tax, Labor/Employment Dec. 2, 2020
Variation emerges on opportunity zone investing during pandemic Tax, Real Estate/Development Nov. 24, 2020
Bill would align state, federal law on PPP loan forgiveness Tax, Covid Columns Sep. 9, 2020
IRS issues proposed regulations on carried interests Tax Aug. 12, 2020
Opportunity zones an option as Section 1031 exchange relief fades Tax, Real Estate/Development Jul. 15, 2020
Much anticipated IRS proposed regulations define ‘real property’ Tax Jul. 8, 2020
IRS notice provides COVID-19 relief for opportunity zone investors Tax, Real Estate/Development Jun. 17, 2020
Congress just made major changes to PPP program Tax, Labor/Employment Jun. 15, 2020
SBA finally sheds light on unanswered PPP questions Tax, Labor/Employment May 26, 2020
Newsom orders property tax relief for homeowners and businesses Tax, Real Estate/Development May 20, 2020
IRS finds expenses paid with PPP loan proceeds are nondeductible Tax May 12, 2020
CARES Act alternatives for mid-sized companies Tax, Corporate Apr. 24, 2020
Small Business Administration revises game plan the night before kick off Apr. 20, 2020
Stimulus creates program for small businesses and nonprofits Tax, Corporate Apr. 6, 2020
Coronavirus relief package provides good news for taxpayers Tax, Government Mar. 31, 2020
COVID-19 update: IRS and FTB pushback tax deadlines Tax Mar. 27, 2020
Final opportunity zone regulations set to take effect this week Tax, Real Estate/Development Mar. 12, 2020
Thought that failed Section 1031 exchange was taxable in 2019? Think again! Tax, Real Estate/Development Feb. 4, 2020
Can Section 1031 exchanges and opportunity zones be successfully combined? Tax, Real Estate/Development Dec. 19, 2019
Time to look at tax deferrals: Section 1031 vs opportunity zones Tax, Real Estate/Development Dec. 11, 2019
Year-end tax planning for opportunity zone investors Tax, Real Estate/Development Nov. 11, 2019
Treatment of lease termination costs for opportunity zones Tax, Real Estate/Development Oct. 18, 2019
IRC Section 1231 enters the opportunity twilight zone Tax Aug. 2, 2019
Governor Newsom unveils opportunity zone conformity bill Tax, Real Estate/Development, Government Jun. 3, 2019
Shutdown stalled opportunity zone momentum Real Estate/Development, Government Jan. 31, 2019
IRS releases long-awaited guidance on opportunity zone program Tax, Real Estate/Development Oct. 23, 2018
Bill appears to conform California law to IRS partnership audit regime Tax, Corporate Sep. 26, 2018
Guidance lists ‘winners’ and ‘losers’ of new pass-through tax break Tax Aug. 31, 2018
Proposed regulations would affect first-year depreciation deductions Tax, Corporate Aug. 22, 2018
New transition tax imposed for controlled foreign corporations Tax, Government, Corporate Aug. 16, 2018
New tax law created new real estate opportunities Tax, Real Estate/Development Jun. 11, 2018
Economic tool under new tax law could spur new development Tax, Government May 15, 2018
With new tax law, there may be more co-ops in California’s future Tax, Government, Corporate Apr. 27, 2018
Can you mitigate the new holding period on carried interests? Tax, Government, Administrative/Regulatory Apr. 4, 2018
What you need to know about the new pass-through deduction Tax, Corporate Feb. 20, 2018
Tax Court considers the deductibility of family business expenses Tax, Corporate Jan. 23, 2018
Potential impact of tax reform on commercial real estate Tax, Real Estate/Development, Government Jan. 11, 2018
Tax overhaul bill could make it to Trump’s desk this week Tax, Government, Corporate Dec. 20, 2017
Pass-through provisions could have interesting tax implications Tax, Law Practice, Government, Corporate, Administrative/Regulatory Dec. 14, 2017
Comparing the Senate and House versions of the tax bill Tax, Government Nov. 17, 2017
A closer look at the House Tax Cuts and Jobs Act Nov. 13, 2017
A closer look at the newly unveiled federal Tax Cuts and Jobs Act Tax, Government Nov. 8, 2017
A closer look at the new Republican tax framework Tax, Government, Corporate Sep. 29, 2017
Push out election under new centralized partnership audit rules Sep. 12, 2017
When the partnership or LLC pays the tax Tax Aug. 11, 2017
Proposed IRS regulations impact every partnership and LLC Tax, Corporate Jul. 5, 2017

Verdicts & Settlements
Case Name Topic Role Published
Confidential Contracts Expert / technical Oct. 25, 2001
Title Category Published
Tax relief approved for LA County wildfire victims Tax, LA Fires Jan. 15, 2025
Employers exhale: FTC non-compete rule invalidated by Texas judge Labor/Employment, Administrative/Regulatory Aug. 28, 2024
Legal challenges persist as Corporate Transparency Act takes effect Corporate Aug. 23, 2024
Tax relief approved for San Diego County flood victims Tax Mar. 4, 2024
$80 billion bipartisan tax plan in the works Tax Jan. 22, 2024
Businesses elevated as guardians of national security and financial integrity Corporate Dec. 5, 2023
Section 1031 may help affordable housing gain momentum Tax, Real Estate/Development Oct. 5, 2023
IRS notice and demand letter causes confusion Tax Aug. 3, 2023
When is unpaid rent a liability? Tax, Contracts Jul. 26, 2023
Definition of a profits interest examined by tax court Tax Jun. 15, 2023
Californians get more tax relief Tax Mar. 13, 2023
Rain brings water, floods and tax relief Tax Jan. 18, 2023
Phasing out the bonus depreciation tax break Tax, Labor/Employment Dec. 19, 2022
FinCEN’S final rules require disclosure of ownership Criminal, Banking Oct. 19, 2022
Key tax provisions in the Inflation Reduction Act Tax Sep. 1, 2022
The Empire Strikes Back against carried interest Tax Aug. 4, 2022
Time deadlines after Boechler, P.C. v. Commissioner of Internal Revenue Tax, Constitutional Law May 17, 2022
Build Back Better includes tax provisions Tax, Government Nov. 16, 2021
California enacts workaround for SALT tax deduction limit Tax Jul. 27, 2021
IRS: opportunity zone sites will not be redrawn due to census Tax, Land Use Jun. 11, 2021
Stimulus bill gives music, entertainment and museum facilities a boost Government Apr. 8, 2021
New stimulus bill is much needed assistance to local restaurants Tax, Labor/Employment Mar. 30, 2021
IRS gives opportunity zone investors additional COVID-19 relief Jan. 28, 2021
Tax rules changed in the latest stimulus package for COVID-19 relief Tax, Labor/Employment Jan. 7, 2021
Year-end planning for opportunity zone investors Tax, Real Estate/Development Dec. 18, 2020
Internal Revenues Service finalizes Section 1031 real property definition Tax Dec. 8, 2020
IRS addresses treatment of expenses paid with PPP loans Tax, Labor/Employment Dec. 2, 2020
Variation emerges on opportunity zone investing during pandemic Tax, Real Estate/Development Nov. 24, 2020
Bill would align state, federal law on PPP loan forgiveness Tax, Covid Columns Sep. 9, 2020
IRS issues proposed regulations on carried interests Tax Aug. 12, 2020
Opportunity zones an option as Section 1031 exchange relief fades Tax, Real Estate/Development Jul. 15, 2020
Much anticipated IRS proposed regulations define ‘real property’ Tax Jul. 8, 2020
IRS notice provides COVID-19 relief for opportunity zone investors Tax, Real Estate/Development Jun. 17, 2020
Congress just made major changes to PPP program Tax, Labor/Employment Jun. 15, 2020
SBA finally sheds light on unanswered PPP questions Tax, Labor/Employment May 26, 2020
Newsom orders property tax relief for homeowners and businesses Tax, Real Estate/Development May 20, 2020
IRS finds expenses paid with PPP loan proceeds are nondeductible Tax May 12, 2020
CARES Act alternatives for mid-sized companies Tax, Corporate Apr. 24, 2020
Small Business Administration revises game plan the night before kick off Apr. 20, 2020
Stimulus creates program for small businesses and nonprofits Tax, Corporate Apr. 6, 2020
Coronavirus relief package provides good news for taxpayers Tax, Government Mar. 31, 2020
COVID-19 update: IRS and FTB pushback tax deadlines Tax Mar. 27, 2020
Final opportunity zone regulations set to take effect this week Tax, Real Estate/Development Mar. 12, 2020
Thought that failed Section 1031 exchange was taxable in 2019? Think again! Tax, Real Estate/Development Feb. 4, 2020
Can Section 1031 exchanges and opportunity zones be successfully combined? Tax, Real Estate/Development Dec. 19, 2019
Time to look at tax deferrals: Section 1031 vs opportunity zones Tax, Real Estate/Development Dec. 11, 2019
Year-end tax planning for opportunity zone investors Tax, Real Estate/Development Nov. 11, 2019
Treatment of lease termination costs for opportunity zones Tax, Real Estate/Development Oct. 18, 2019
IRC Section 1231 enters the opportunity twilight zone Tax Aug. 2, 2019
Governor Newsom unveils opportunity zone conformity bill Tax, Real Estate/Development, Government Jun. 3, 2019
Shutdown stalled opportunity zone momentum Real Estate/Development, Government Jan. 31, 2019
IRS releases long-awaited guidance on opportunity zone program Tax, Real Estate/Development Oct. 23, 2018
Bill appears to conform California law to IRS partnership audit regime Tax, Corporate Sep. 26, 2018
Guidance lists ‘winners’ and ‘losers’ of new pass-through tax break Tax Aug. 31, 2018
Proposed regulations would affect first-year depreciation deductions Tax, Corporate Aug. 22, 2018
New transition tax imposed for controlled foreign corporations Tax, Government, Corporate Aug. 16, 2018
New tax law created new real estate opportunities Tax, Real Estate/Development Jun. 11, 2018
Economic tool under new tax law could spur new development Tax, Government May 15, 2018
With new tax law, there may be more co-ops in California’s future Tax, Government, Corporate Apr. 27, 2018
Can you mitigate the new holding period on carried interests? Tax, Government, Administrative/Regulatory Apr. 4, 2018
What you need to know about the new pass-through deduction Tax, Corporate Feb. 20, 2018
Tax Court considers the deductibility of family business expenses Tax, Corporate Jan. 23, 2018
Potential impact of tax reform on commercial real estate Tax, Real Estate/Development, Government Jan. 11, 2018
Tax overhaul bill could make it to Trump’s desk this week Tax, Government, Corporate Dec. 20, 2017
Pass-through provisions could have interesting tax implications Tax, Law Practice, Government, Corporate, Administrative/Regulatory Dec. 14, 2017
Comparing the Senate and House versions of the tax bill Tax, Government Nov. 17, 2017
A closer look at the House Tax Cuts and Jobs Act Nov. 13, 2017
A closer look at the newly unveiled federal Tax Cuts and Jobs Act Tax, Government Nov. 8, 2017
A closer look at the new Republican tax framework Tax, Government, Corporate Sep. 29, 2017
Push out election under new centralized partnership audit rules Sep. 12, 2017
When the partnership or LLC pays the tax Tax Aug. 11, 2017
Proposed IRS regulations impact every partnership and LLC Tax, Corporate Jul. 5, 2017
Case Name Topic Role Published
Confidential Contracts Expert / technical Oct. 25, 2001
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