926 North Ardmore Avenue, LLC v. County of Los Angeles, (9/22/14, B248536)
The California Court of Appeals has recently held that, as a general rule, the Documentary Transfer Tax
Continue Reading “Change in Ownership” Can Trigger Documentary Transfer Tax
Individuals and entities, including those from outside California, who invest in or do business through an out-of-state limited liability company (“LLC”) may be surprised to find out that they have filing obligations and tax liabilities in California as a result of California’s far-reaching rules and interpretations related to when an LLC is treated as “doing business” in California.
Continue Reading Is Your Out-of-State LLC “Doing Business” in California?
The California Documentary Transfer Tax Act requires the amount of documentary transfer tax due to be shown on the face of the document. However, if the party submitting the document for recordation requests, then the amount of tax due may be shown on a separate paper affixed to the recorded document.
Continue Reading California Documentary Transfer Tax: Separate Unrecorded Statement of Tax No Longer Allowed After December 31, 2014