Gresham Savage Shareholder Jonathan Shardlow Selected for Inclusion on 2018 Southern California Super Lawyers Rising Stars List

Jonathan Shardlow has been selected as 2018 Southern California Super Lawyers Rising Stars. This year marks Shardlow’s seventh year. Super Lawyers is a rating service that lists outstanding lawyers from a wide range of practice areas who have attained a high degree of peer recognition and professional achievement. The selection process is multi-phased and includes independent...

Gresham|Savage Tax Update: IRS Terminating Offshore Voluntary Disclosure Program: Do You Have Undisclosed Foreign Assets?

The Internal Revenue Service (“IRS”) has announced that it will close the Offshore Voluntary Disclosure Program (“OVDP”) on September 28, 2018. Since the OVDP’s launch in 2009, more than 56,000 taxpayers have used the OVDP to resolve failures to properly report their foreign (i.e. overseas or offshore) assets.  Without OVDP, penalties for failures to properly...

Gresham|Savage Tax Update: When is the Interest Payment on a Home Equity Loan Deductible?

The Tax Cuts and Jobs Act of 2017 (the “Tax Act”) is said to have eliminated the deduction for interest paid on home equity loans and lines of credit.  The IRS, on February 21, 2018, clarified that despite the newly-enacted restrictions on interest deductions, many taxpayers will still be able to deduct interest on a...