Posts From 2017

Carico Johnson Toomey LLP Attends 2017 Westcoast Sports Associates Dinner Gala Honoring Kareem Abdul-Jabar

Bonaventure Hotel, Los Angeles: Attorneys from the law firm of Carico Johnson Toomey LLP attended this years Westcoast Sports Awards dinner honoring Kareem Abdul-Jabar as the Roy Firestone award recipient.

Roy Firestone Award Winner

WSA could not be more excited to partner with the UCLA Bruins and Los Angeles Lakers legend. Abdul-Jabbar won three consecutive NCAA Championships in ’67, ’68, and ’69, while being recognized a record three times as MVP. He went on to win…

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Special Tax Election Now Available for Spouses Under Revenue Procedure 2016-49

by Lilian H. Walden Esq.

Effective September 27, 2016, the IRS will now permit a special tax election for surviving spouses (known as a QTIP election).  This will apply even  when it is not necessary to reduce the estate tax liability to zero upon the death of the first spouse, pursuant to Revenue Procedure 2016-49.  Prior to this point, there was some uncertainty over whether or not with the new portability rules, a QTIP election…

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