Author Archives: mklahorst

California’s New LLC Act Changes the Rules

Thursday, June 5th, 2014

INFORMATION LETTER 2014-0033 In an Information Letter, IRS has set out the application of various tax rules to “green card” holders—i.e., persons who are not U.S. citizens and are lawful permanent U.S. residents—including application of the Code’s residency tests and tax ramifications of termination of green card holder status. Background. Code Sec. 7701(b) sets forth […]

Upcoming Filing Deadline

Thursday, March 20th, 2014

As of January 1, 2014, an entity with an employee identification number (“EIN”) is required to notify the Internal Revenue Service (“IRS”) of any change to such entity’s “responsible party.” An entity notifies the IRS by filing IRS Form 8822-B within 60 days of a change to such entity’s responsible party. If the identity of […]