April Newsletter 2017

NewsletterApril 1, 2017 by Jaurigue Law Group

As we approach the close of another tax season, many of JLG's clients have contacted us concerned about what the tax landscape will look like under the new
administration. Since the November election, President Trump's attempt to repeal and replace Obamacare has failed. What does this mean to the average taxpayer? It means that for the upcoming 2016 tax filing season, you will be getting your Forms 1095 (A, B, or C) and will need to report to the IRS your healthcare coverage information for 2016.

Now President Trump is promising to focus his efforts on a tax reform bill which has evolved since his campaign. Below is a summary of some significant
changes being proposed:

  • Condensing seven tax brackets to three, with a reduction of the maximum rate from 39.6% to 33%
  • Eliminating the estate tax entirely. Currently, the estate tax applies to estates valued at more than $5.45 million.
  • Reducing the corporate tax rate from 35% to 15%.

Passing tax reform is very difficult and only time will tell if President Trump's tax reform bill will suffer the same fate as his healthcare legislation. As we wait to see what unfolds, JLG is here to help you plan for what may be ahead.


Cindy Ho
Of Counsel

Recent Succes

JLG successfully confirms another Chapter 11 bankruptcy plan on behalf of an individual debtor.

Honorable Johnson gave praise and acknowledged JLG's good work in this case. On average, only 30% of Chapter 11 plans are confirmed nationwide, while JLG's success rate has been approximately 90%.

FACTA Violations

The Fair and Accurate Credit Transactions Act (or "FACTA") is an amendment to the Fair Credit Reporting Act, allows consumers to request and obtain free credit reports once every 12 months from each of the three credit reporting companies (Equifax, Experian, and TransUnion), and was passed in part to protect consumers from identity theft.

FACTA sets very specific rules for business to ensure that consumer's credit card information is kept safe. Common FACTA violations include (1) failing truncate consumers' credit card or debit card information so that only the last five or fewer digits are shown, and (2) revealing consumer's credit card
expiration dates on the receipt.

Consumers who have been given receipts that do not properly comply with FACTA rules may have a legal claim against the business(es) who provided improper receipts. To find out more, contact us!

Family Law Sanctions

While family court procedures are sometimes seen as less strict than those in general civil cases, misconduct or carelessness with respect to your family
law case can also result in sanctions including but not limited monetary sanctions and evidentiary sanctions in your matter. This includes:

  • Behaving in a manner that does not promote settlement of litigation and that does not encourage cooperation between parties and their attorneys, including filing meritless motions or taking unreasonable legal positions in your case
  • Failing to comply with discovery deadlines
  • Failing to appear at a hearing or management conference without good cause

Did You Know?

Labor & Employment Basics
As a California employee, the pay stub you receive from your employer is required to contain certain information, including the pay period beginning date; the pay period ending date; the last four digits of your SSN or an employee ID number; the legal name and address of your employer; gross wages earned; net wages earned; deductions; and, if you are an hourly employee, then your hourly rate and all of the corresponding hours you worked at those rates. See Cal. Lab. Code § 226(a).

If you want to check if your employer is complying with California Labor Code section 226, please send us copies of your most recent pay stubs and we
would be happy to conduct a complimentary review.

PABA 31st Annual Installation Gala

The Philippine American Bar Association (PABA) will hold its 31st Annual Installation and Awards Gala on Thursday, May 4, 2017, at the Millennium Biltmore Hotel in downtown Los Angeles.

The Gala is a celebration of the Fil-Am legal community, as well as PABA's largest fundraiser of the year. The proceeds are used to carry out the
group's mission: strengthening the legal community through mentoring programs, networking events, scholarships for students, and continuing education.

JLG will be there to show its support, so come by and say hello.

Does the IRS Owe You Money?

The Internal Revenue Service estimates that 1 million taxpayers are owed over $1 billion in potential refunds for tax year 2013. The window for these taxpayers to file delinquent tax returns and claim their refunds is closing soon on April 18, 2017.

Spring Break at Big Bear!

Spring Break at Big Bear!
Quynh's BFF Harlow

Spring Break at Big Bear!
Do you want to build a snowman?

Spring Break at Big Bear!
Sisters rule!