WHAT Is a Step-Up in Basis? The term “step-up in basis” refers to the readjustment of the value of an appreciated asset for tax purposes upon inheritance. It adjusts the value of an asset when it passes from owner to heir. The higher market value of the asset at the time of inheritance is used for tax purposes….
AARON Kudatsky worked as an implementation consultant in California for Tyler Technologies, a company that sells business and public sector operations software being used in finance, payroll, billing, and others. Tyler’s implementation consultants assist its clients in customization and training in the use of Tyler’s products. The implementation consultants are classified as exempt and are…
AS you probably are aware, an individual can file either Chapter 7 or Chapter 13 under the bankruptcy code when he or she needs relief from accumulated debt. In Chapter 7, the debtor gets a fresh start in life, without having to pay anything to creditors. The debtor gets to keep most if not all…
WHEN it comes to credit card debt, a lot of people are in denial that they have a problem. Of course, denying doesn’t help because until you get to that point where you can honestly admit to yourself and acknowledge that a problem does exist, you will never do anything to change your situation. Thus,…
THE purpose of spousal support is not defined by the legislature in that its purpose varies according to the facts and circumstances of each case. The facts and circumstances of a particular case may be such which call for no spousal support, or for support for a very limited period of time, with the purpose…
LIKE many of us, the wealthy man in this Sunday’s Gospel was searching for wisdom and direction in life. He was also concerned about his right relationship with God and personal salvation. Is he doing the right thing? Will he get to heaven? It’s why Jesus looked at him with love and compassion. Jesus saw his…
WORKERS in adult and senior care facilities and in-home aides have been added to the list of California health workers who must be fully vaccinated against the coronavirus. Those who work directly with people with disabilities — such as employees paid through the state’s regional center network, aides contracted by agencies, and in-home support service…
THE City of Carson, California and various organizations on Saturday, October 23 will join the entire community in honoring the life’s work and legacy of Larry Itliong – a Filipino American labor leader and organizer. A tribute march will start at 8 a.m. around the vicinity of Veterans Park located at 22400 Moneta Avenue in…
RAPPLER co-founder and veteran journalist Maria Ressa has made history as the first Filipino to win the Nobel Peace Prize. The Norwegian Nobel Committee on Friday, October 8, announced that Ressa and Russian journalist Dmitry Muratov won the 2021 Nobel Peace Prize for their “efforts to safeguard freedom of expression.” “The Norwegian Nobel Committee has decided…
IN the United States, October is also known as Filipino American History Month, which is celebrated through various activities and events that recognizes the significant role Filipinos have played in American history. This year, the Filipino American National History Society (FANHS) chose the theme “50 Years Since the First Young Filipino People’s Far West Convention”…
MORE than a dozen community organizations gathered on Saturday, Oct. 2 for a Little Manila Block Party and to celebrate Filipino American History Month. “As Filipinos, we believe in the bayanihan—a spirit of civic unity and cooperation among Filipinos. Filipino Americans would not have thrived without the aid of community groups whose far-reaching support has…
FILIPINO American internet star Bretman Rock has made history as the first-ever openly gay man to grace the cover of Playboy magazine. In an Instagram post on Friday, October 1, the YouTuber and influencer shared this month’s digital cover, saying: “I’m a BUNNY duh!! @Playboy to kick off spooky szn. All credits to the team.”…
IN what has been described as “…a dramatic shift in U.S. immigration enforcement policy that will likely spare most undocumented immigrants who have lived in the U.S. for years…,” on September 30, 2021, Alejandro Mayorkas, the Sec. of the Department of Homeland Security, issued new guidelines for the enforcement of civil immigration law, which are…
FORMER Senator Ferdinand “Bongbong” Marcos Jr. has formally launched his presidential bid in the 2022 Philippine national elections. Accompanied by his wife Louise and two sons, Marcos filed his certificate of candidacy (COC) for president on Wednesday, October 6, around 11 a.m. at the Harbor Garden Tent of Sofitel hotel in Pasay City. He filed…
TO petition one’s family members to come to the U.S., the petitioner must prove they are living (or domiciled) in the U.S. In this episode, U.S. citizen father, Cesar, petitioned his daughters, Corinne (2nd from left) and Cathlene (extreme left). However, he was living in the Philippines when his daughters’ visas became available. The U.S….
By Robert P. De Tagle THE Society of Philippine American Artists (SPAA) returns home to the Philippine Center on Fifth Avenue, NYC, with an in-person exhibit from 4 to 15 October, featuring works of nineteen participants from New York, New Jersey and Vancouver. During this Filipino-American History Month, the exhibit can be viewed 9 a.m….
The United States Citizenship and Immigration Services (USCIS) announced that it will continue a parole program that allows Filipino World War II veterans to be reunited with certain family members. The agency will accept new applications for the Filipino World War II Veterans Parole program after the Department of Homeland Security reversed the Trump administration’s…
PRESIDENT Joe Biden marked the start of October as Filipino American History Month by honoring the Fil-Am community’s contributions to the United States, especially amid the ongoing coronavirus pandemic. “Filipinos have continued to serve and sacrifice in one of the darkest years in our history, selflessly working on the widespread frontlines of the COVID-19 pandemic,”…
PHILIPPINE President Rodrigo Duterte was firm that he made the “right decision” to retire from politics after his term ends next year. He made the remark after the latest Social Weather Stations (SWS) survey showed that his satisfaction rating dropped from the +79 he got in November 2020 to a +62 in June 2021. “Thank…
COVID-19 hospitalizations in Los Angeles County dropped below 800 cases in Los Angeles County, according to new data. The LA County Department on Public Health on Monday, October 4 reported that 790 individuals remain hospitalized with COVID-19, marking the first time hospitalizations dropped under 800 since July. Also on Monday, the department confirmed 7 new…
YOU have become a collector over the years. Memories, good and bad, you have them, by the bucketful, stacked in yellowing photographs in frayed and tattered albums. You used to dutifully collect them, way back when printed photos were the norm. But now you have them in your phones, in your computers, in USB drives…
GETTING a new business off the ground isn’t an easy feat. Growing and moving it in the right direction aren’t without challenges, too. In a global economy that’s ever-changing, businesses are expected to keep up with the market’s demands and prepare for further funding opportunities — and oftentimes, seeking out outside funding is the solution…
Evolution for Southern California’s leading casino comes during major expansion project with hotel and resort to open in December 2021 Highland, Calif. – The San Manuel Band of Mission Indians (“San Manuel” or the “Tribe”) and the San Manuel Entertainment Authority (“SMEA”) announced that San Manuel Casino is now Yaamava’ Resort & Casino at San…
SAN FRANCISCO – At a school in San Francisco, Governor Newsom announced plans to add the COVID-19 vaccine to the list of vaccinations required to attend school in-person when the vaccine receives full approval from the Food and Drug Administration (FDA) for middle and high school grades, making California the first state in the nation…
The inclusion of the Philippines’ top tourist destinations in the 2021 Readers’ Choice Awards of the prestigious Condé Nast Traveler (CNT) magazine is a testament to the hard work of the tourist industry “to strengthen our position as a top-of-mind destination” for international travelers. The Department of Tourism (DOT) made this statement on Wednesday, October…
