Section 1031 exchanges defer capital gains
UNDER Section 1031 of the United States Internal Revenue Code, 26 U.S.C. §1031, the exchange of properties used for investment or trade or business, but not for personal use, may…
UNDER Section 1031 of the United States Internal Revenue Code, 26 U.S.C. §1031, the exchange of properties used for investment or trade or business, but not for personal use, may…
THE means test is the IRS based form of calculating disposable income in bankruptcy to determine if the case should be a Chapter 7 or Chapter 13; and if a…
(Part 2 – Master Files) LAST week we discussed how tax returns are received, verified, and reviewed for completeness. Let’s now discuss the second of a three-part series on how…
Q: I WORK at a retail company and every employee is required to “pitch in” when it becomes busy. Stocking shelves, cleaning, and putting away merchandise are not part of…
TOUGH financial times are pushing strapped consumers over the edge. Delinquencies and balances on delinquent credit cards are on the rise with no signs of slowing down. Faced with layoffs…
Many in the LGBT community (in the pre-Windsor era) were placed in removal/deportation proceedings and were ordered removed/deported. This is because they had no “form of relief” available for them…
On this big production called Mother’s Day, a whole nation of sons and daughters will pause to remember their mothers. My first knowledge of the world and about life came…
WHILE enjoying a quiet dinner with the monks of St. Andrew’s Abbey in Valyermo, California during my day-off last Thursday, Fr. Francis, the former abbot, was on the microphone reading…
THERE is something strange about the gravitational and magnetic forces that attract a child towards his mother than how intensely it is with the father. The reason could obviously be…
Recently a man came into our office to discuss his immigration case. He was very excited and confident that now was the time he would be able to file for…
PACOIMA – In a press conference on May 7 at Superior Market in Pacoima, CA, officials from California’s and Los Angeles County’s Departments of Public Social Services (DPSS) and the…
THIS is a common question among people contemplating divorce in California when the other spouse does not live in the state. The California Courts has the power to grant a…
LOS ANGELES – Consul General Leo Herrera-Lim paid a courtesy call on Mayor Jim Dear and Mayor Pro Tem Elito Santarina at Carson City Hall on April 5, 2014. Mayor…
LOS ANGELES – The Philippine Consulate General started registration for Overseas Voting (OV) to overseas Filipinos in relation to the upcoming May 2016 national elections in the Philippines. All Filipino…
CONGRATULATIONS to the newly married award-winning actor Jericho Rosales and Filipino-British TV host/model Kim Jones! The couple tied the knot in an intimate garden wedding at the Shangri-La Resort in…
On May 6, 2014, the Department of Homeland Security (DHS) announced a proposed rule allowing spouses of certain H–1B workers to apply for employment authorization. Under existing regulations, H-4 spouses…
YOU may have heard that you should replace your toothbrush (or toothbrush head, if you use an electric toothbrush) every three months, or at the beginning of each new season. …
by Marili Raymundo Nearly 400 cyclists rode their bicycles through scenic Orange County on Saturday April 26th to raise funds and awareness for underprivileged children affected by Typhoon “Yolanda” in…
SUPER Typhoon Yolanda. Heat waves, drought and wildfires. Torrential rains and flooding. Many of us have been asking why these calamities have been happening more frequently these days. Do we…
CHAPTER 13 has been popular to strip down junior liens such as 2nd trust deeds and home equity loans. But it can also be used to handle student loans and…
Funny how life happens in a fast-forward pace – so fast that we cannot see and hear it anymore. Even funnier is the irony that we can best observe life…
IN 2009, President Obama signed into law amendments to the Immigration & Nationality Act (INA) reversing the longstanding rule that a “visa petition dies with the petitioner.” The new law…
IT was my first police beat assignment. We felt that we had no right to do what we were doing. The killing of a fellow human being was repulsive and…
LOS ANGELES, Calif. – May 6, 2014 – Los Angeles World Airports (LAWA) has launched a new public outreach campaign to inspire and inform LAX travelers and nearby residential communities…
Greenlining Institute Asks: Do NBA Teams Put Money Back into Communities Their Players and Fans Come From? Calls for Concrete Steps on Diversity Contact: Bruce Mirken, Greenlining Institute Media Relations…
LOS ANGELES – Consul General Leo Herrera-Lim paid a courtesy call on Mayor Mark Pulido at Cerritos City Hall on April 30. The two officials discussed political dynamic mix in…
LOS ANGELES – The Philippine Consulate General in Los Angeles hosted a dinner reception on 30 April 2014 in honor of the Philippine National Police participants of the Public Safety…
AARP partners with APA Heritage Foundation to honor extraordinary AAPI innovators SAN FRANCISCO, May 6, 2014 – AARP is proud to sponsor the 10th annual Asian Pacific American Heritage Month…
There was a collective expression of disappointment among many Filipinos and the media because Barack Obama “gave no categorical commitment” that America would “defend” the Philippines if its dispute with…