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Cannot Afford Your Property Taxes? New State Program Pays them for You

The California State Board of Equalization (BOE) has issued a letter concerning the law that reinstated the State Controller’s Property Tax Postponement Program, under which the Controller can pay property taxes to county tax collectors on behalf of qualifying individuals who are over the age of 62 or disabled.  Under the program, a claimant must have an annual income of $35,500 or less and at least 40% equity in his or her home. The BOE generally discusses: requirements for county assessors who receive from the Controller a notice of lien for postponed property taxes; assessors’ notice requirement to the Controller when property with a postponement lien changes ownership or a claimant transfers ownership, changes his or her mailing address, or dies; and the Controller’s duty to record a release of the lien when the amount of the obligation secured by that lien is paid in full or otherwise discharged. Applications may be filed with the Controller beginning September 1, 2016.  If you or yo…

Cannot Afford Your Property Taxes? New State Program Pays them for You

The California State Board of Equalization (BOE) has issued a letter concerning the law that reinstated the State Controller’s Property Tax Postponement Program, under which the Controller can pay property taxes to county tax collectors on behalf of qualifying individuals who are over the age of 62 or disabled.  Under the program, a claimant must have an annual income of $35,500 or less and at least 40% equity in his or her home. The BOE generally discusses: requirements for county assessors who receive from the Controller a notice of lien for postponed property taxes; assessors’ notice requirement to the Controller when property with a postponement lien changes ownership or a claimant transfers ownership, changes his or her mailing address, or dies; and the Controller’s duty to record a release of the lien when the amount of the obligation secured by that lien is paid in full or otherwise discharged. Applications may be filed with the Controller beginning September 1, 2016.  If you …

Wilson Tax Law Group - The Newport Beach Tax Attorney Blog: Property Tax: Ten Counties Allow Intercounty Base ...

Wilson Tax Law Group - The Newport Beach Tax Attorney Blog: Property Tax: Ten Counties Allow Intercounty Base ...: Effective November 20, 2014, 10 California counties will have property tax ordinances implementing the intercounty base year value transf...

Wilson Tax Law Group - The Newport Beach Tax Attorney Blog: Property Tax: Ten Counties Allow Intercounty Base ...

Wilson Tax Law Group - The Newport Beach Tax Attorney Blog: Property Tax: Ten Counties Allow Intercounty Base ...: Effective November 20, 2014, 10 California counties will have property tax ordinances implementing the intercounty base year value transf...

Property Tax: Ten Counties Allow Intercounty Base Year Value Transfers

Effective November 20, 2014, 10 California counties will have property tax ordinances implementing the intercounty base year value transfer provisions for persons who are at least age 55 or are severely and permanently disabled. The counties are Alameda, El Dorado, Los Angeles, Orange, Riverside, San Bernardino, San Diego, San Mateo, Santa Clara, and Ventura. The latest county to be added was San Bernardino, which adopted an ordinance in October 2014 that applies to replacement dwellings that are purchased or newly constructed in the county on or after January 1, 2014.  Be careful when deciding where to move because numerous counties do not honor the base year transfer.
If you or your client is at least age 55 and is considering whether to  move to a new residence be sure to contact a property tax expert to make sure you don't lose your low property tax base.  The  Wilson Tax Law Group specializes in property tax and income tax matters. Please contact Joseph P. Wilson at 7…

Property Tax: Ten Counties Allow Intercounty Base Year Value Transfers

Effective November 20, 2014, 10 California counties will have property tax ordinances implementing the intercounty base year value transfer provisions for persons who are at least age 55 or are severely and permanently disabled. The counties are Alameda, El Dorado, Los Angeles, Orange, Riverside, San Bernardino, San Diego, San Mateo, Santa Clara, and Ventura. The latest county to be added was San Bernardino, which adopted an ordinance in October 2014 that applies to replacement dwellings that are purchased or newly constructed in the county on or after January 1, 2014.  Be careful when deciding where to move because numerous counties do not honor the base year transfer.
If you or your client is at least age 55 and is considering whether to  move to a new residence be sure to contact a property tax expert to make sure you don't lose your low property tax base.  The  Wilson Tax Law Group specializes in property tax and income tax matters. Please contact Joseph P. Wilson at…

San Diego Tax Attorney Sentenced for Tax Evasion

Last Monday a US District Judge in San Diego sentenced Lloyd Irving Taylor to 5 1/2 years in federal prison

Former San Diego tax attorney sentenced for evading millions in taxesPosted: Nov 17, 2014 6:40 PM PST <em class="wnDate">Monday, November 17, 2014 9:40 PM EST</em>Updated: Nov 17, 2014 6:40 PM PST <em class="wnDate">Monday, November 17, 2014 9:40 PM EST</em>

SAN DIEGO (CNS) - A one-time San Diego tax attorney and certified public accountant was sentenced Monday to 5 1/2 years in federal prison for using the identities of deceased children to create aliases that allowed him to evade millions of dollars in taxes. In handing down the punishment for Lloyd Irving Taylor, U.S. District Court Judge Michael Anello also ordered the 71-year-old defendant to pay about $2.2 million in restitution to the Internal Revenue Service.
Following a weeklong trial in June, a jury conv…