Author Archives: Golbert Law

Beware Increasing Property Transfer Taxes

Tuesday, May 6th, 2014

Counties and cities in most states require that a transfer tax be paid whenever documents evidencing a real property transfer are filed.  California became one of those states in 1967 with the enactment of the Transfer Tax Act to replace the expired Federal Stamp Act.  Counties and cities responded to the passage of Proposition 13 […]

Severance Pay May be Subject to FICA

Tuesday, May 6th, 2014

Severance pay may now be subject to FICA taxes.  In a recent case, the US Supreme Court reversed a lower court decision and found that FICA’s broad definition of wages includes severance payments to employees who have been involuntarily terminated as part of a work-force reduction.  A main (but losing) argument before the Court was […]