News Archives - Brotman Law

Real Property Tax Strategies: The 1031 Exchanges

April 23, 2026December 15, 2021 by Brotman Law

Key Takeaways

Benjamin Franklin once said, “Our new Constitution is now established, everything seems to promise it will be durable; but, in this world, nothing is certain except death and taxes.
This is indeed a mouthful, but what it primarily means is you can defer the payment of capital gains on the sale of property if you purchase a like-kind property and follow the requirements and properly execute the transaction.
Additionally, you must have a qualified intermediary assist you with the transaction.

Benjamin Franklin once said, “Our new Constitution is now established, everything seems to promise it will be durable; but, in this world, nothing is certain except death and taxes.” Franklin may have been correct regarding the certainty of death, but was he correct about the certainty of taxes?

Can Internal Revenue Code Section 1202 Benefit You?

April 23, 2026February 26, 2021 by Brotman Law

There is a generous tax benefit that only select taxpayers qualify for. Not well known, it is called ‘‘qualified small business stock,’’ or QSBS for short, and is found in Section 1202 of the Internal Revenue Code. Titled the “Partial Exclusion for Gain from Certain Small Business Stock,” it allows taxpayers to exclude gain from certain stock.

Key Takeaways

There is a generous tax benefit that only select taxpayers qualify for.
The original language of the section allowed taxpayers to not include 50% of any gain from sale or exchange of qualified small business stock held more than five years from gross income.
In the case of qualified small business stock acquired in 2010 and beyond, 100% shall be substituted for 50% in § 1202(a)(1). (§ 1202(a)(4)).

An Update on California’s Proposals to Tax the Rich

April 23, 2026January 8, 2021 by Brotman Law

During the summer of 2020, California’s political machinery continued to whine and hum. As its populace sheltered in place with COVID-19, two tax bills were introduced on the state’s Assembly floor.

Key Takeaways

Wealth Tax
Assembly Bill No. 2088
Income Tax May Go Up
Relitigating is Likely

Tax Return Demand from the FTB Intensifies

April 23, 2026November 7, 2020 by Brotman Law

{{cta(’09b64408-9310-4451-9a41-0234b45d370e’,’justifyright’)}}Are you a marketplace facilitator or out-of-state business who has received a tax return demand from the California Franchise Tax Board? If so, read this before you respond. We’ve provided the essential background information you need to formulate a plan prior to your response.

Key Takeaways

The most pervasive aspect in our experience is California will be as aggressive as possible in the assessment and collection of taxes.
You may be familiar with the Supreme Court’s decision in Wayfair v.
Economic nexus is the principle that a certain amount of economic activity within a state can trigger enough minimum contacts for that state to be able to assert jurisdiction over a business and su…

Brotman Law Named 14th Fastest Growing Law Firm in the U.S. by Law Firm 500

April 23, 2026October 16, 2018 by Brotman Law

Key Takeaways

We are pleased to announce that Brotman Law, a San Diego tax law firm, has been named a 2018 Law Firm 500 Honoree awarded to the Fastest Growing Law Firms in the U.S.
Brotman Law is ranked 14th on the 2018 Law Firm 500, and has grown 693 percent.
“I think it is a major testament to what we do here, and it just validates the hard work that our firm does on a daily basis,” Sam Brotman, founder and owner of Brotman Law, said.