Monthly Archives: November 2017

Estate and Gift Tax 2018 Inflation Adjustments

On October 19, the IRS issued Revenue Procedure 2017-58, the annual inflation adjustments for 2018 for many tax provisions, including exemptions for estate, gift and generation-skipping transfer (GST) taxes as well as the annual exclusion amount for gifts as follows: Estate, Gift and GST Tax Exemption Increases to $5,600,000.  For estates of decedents who pass… Read More »

Independent Contractor or Employee?

According to the California Court of Appeal in Linton v. DeSoto Cab Co. Inc., Calif. Ct. App., No. A146162 (Oct. 5, 2017), a California trial court applied the wrong legal standards and therefore erred in concluding that a cab driver was an independent contractor rather than an employee. The trial court had ruled in favor… Read More »