Tag Archives: Property Transfers

Parent to Child Transfers of California Real Property Tax Tip Sheet

Change in California real estate ownership may incur documentary transfer tax and capital gains tax. Ownership changes may increase future property taxes. For simplicity, in this tip sheet the term “parent-child exclusion” refers to both the parent-child exclusion and the grandparent-grandchild … Continue reading

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Parent to Child Transfers of California Real Property Tax Tip Sheet by Mark W …

Real property and land transfers from parent to child and from grandparent to grandchild have documentary tax, property tax and capital gains tax traps and tax savings. Tip sheet by Mark W. Bidwell identifies the tax issues and documentation needed … Continue reading

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Deed and Record (www.DeedAndRecord.com) Opens New Office in Irvine, California

ShareThis Email PDF Print Irvine, California (PRWEB) January 15, 2012 Deed and Record (http://www.DeedAndRecord.com) has opened a new office in Irvine, California for real estate property transfers by quit claim deed. Quit claims transfer ownership without any warranties of title … Continue reading

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IRS Mines Real Estate Deeds To Collect Gift Tax

The seamless flow of information between local, state and federal governments is unsettling, especially since it often means tax bills from one or the other.  Now, there’s a new fear: Local property transfers show up in county recorder or property … Continue reading

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How to avoid the IRS gift-tax trap

Recommend (2) By Eva Rosenberg, MarketWatch LOS ANGELES (MarketWatch) — The IRS expects a potential windfall in gift tax compliance audits in California and has asked the U.S. District Court for what amounts to a virtual blank check to see the … Continue reading

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