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To print this article, all you need is to be registered or login on Mondaq.com. The California Secretary of State suspends or forfeits an entity for failure to file the required Statement of Information, and in the case of a domestic corporation that is an association formed to manage a common interest development, the required Statement by Common Interest Development Association.  In addition, the Secretary of State may suspend domestic or foreign corporation for the failure of the corporation to reimburse the Victims of Corporate Fraud Compensation Fund for a pa...

Where individual, corporate, and passthrough entity taxation meet By Mo Bell-Jacobs, J.D.; Bridget McCann, CPA; and Steve Wlodychak, J.D., LL.M. Related Editor: Bridget McCann, CPA By now, most practitioners are well aware of the annual limitation enacted by the law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, in 2017 that limits the amount of state and local taxes individuals can deduct for federal income tax purposes to not more than $10,000 ($5,000 in the case of a married individual filing a separate return) (the SALT cap). 1 No doubt most are also aware of the ensuing legi...

What about the alleged damages raised in the breach of contract dispute? Texas case law identifies two lines of legal reasoning in determining when a debt is “created or “incurred”.  The first line of case law stands for the proposition that a debt is neither created nor incurred until it is reduced to a liquidated sum of money. In Cain v. State, 882 S.W.2d 515 (Tex. App. – Austin 1994, no writ), Lee Cain appealed a district court decision holding him personally liable for the debts of the Timber Creek Oil Company of which he was an officer and director. The Texas Railroad Commissio...

The deadline to protest your Texas property taxes is coming up You may protest if you disagree with the appraisal district value or any of the appraisal district's actions concerning your property. Author: Reagan Roy Updated: 2:27 PM CDT April 20, 2021 TYLER, Texas — One of your most important rights as a taxpayer is your right to protest to the appraisal review board (ARB). You may protest if you disagree with the appraisal district value or any of the appraisal district's actions concerning your property. If you are dissatisfied with the ARB's findings, you...

You may qualify for a property tax exemption if your home was damaged by the winter storm Property must have at least 15% damage Published:  Tags:  Damage from a burst pipe is seen at a Texas home in February 2021. (KPRC) SAN ANTONIO – If your property sustained damaged during last month’s winter storm, you could qualify for a temporary property tax exemption. Because of Gov. Greg Abbot’ts disaster declaration, Tax Code Section 11.35 allows a qualified property with at least 15% damage by a disaster to receive a temporary exemption of a portion of the appraised value, according to the...