Kambiz Drake - Calabasas, California 91302

 Kambiz Drake Contact Details »

Address:
23901 Calabasas Rd, Suite 1030 Calabasas
California 91302

Phone:
818-222-2227

Email:
drakelawca@gmail.com

Website:

Facebook:

Linkedin:

Mobile:
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Fax:
818-691-0405

Transport Links:
(train, bus, motorway & major roads)
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 Kambiz Drake Map »

 Information About Kambiz Drake »

We are dedicated to providing our clients the knowledge and resources needed to protect their loved ones, their estates and assets. Throughout the life of a family or business, change is unavoidable. The key to adapting well to these changes is being well-prepared--whether they are expected or not. Failure to properly plan can result in countless hours of stress for loved ones, legal battles and the loss of many thousands of dollars.

Whether you need to create a living trust or an advanced estate plan, it is important to work with an estate planning attorney who understands your individual circumstances and goals while creating a comprehensive, personalized plan for you. With over a decade of experience, we have mastered the art of this complicated and highly sophisticated type of planning.

Kambiz Drake is located in the Calabasas area of California. There are at least 20 other listings in the 91302 postcode area.

Lawyers in California 91302

Number of Employees: 2

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Nehoray & Drake, LLP
https://www.facebook.com/kambiz.drake/posts/10213464761163432
7/13/2017 5:02:44 AM
Nehoray & Drake, LLP
New Tax Scam Focuses on Electronic Payments A new scam linked to the Electronic Federal Tax Payment System (EFTPS), where fraudsters call to demand an immediate tax payment through a prepaid debit card. This scam is being reported across the country. In this latest scam the caller claims to be from the IRS and tells the potential victim about two certified letters purportedly sent to the taxpayer in the mail but returned as undeliverable. The scammer then threatens arrest if a payment is not made through a prepaid debit card. The scammer also tells the victim that the card is linked to the EFTPS system. The victim is also warned not to contact their tax preparer, an attorney or their local IRS office until after the tax payment is made. EFTPS is an automated system for paying federal taxes electronically using the Internet or by phone using the EFTPS Voice Response System. EFTPS does not require the purchase of a prepaid debit card. Since EFTPS is an automated system taxpayers does receive a call from the IRS. Tell Tale Signs of a Scam: The IRS (and its authorized private collection agencies) will never: • Call to demand immediate payment using a specific payment method such as a prepaid debit card, gift card or wire transfer. • The IRS will first mail a bill to any taxpayer who owes taxes. • All tax payments should only be made payable to the U.S. Treasury and checks should never be made payable to third parties. • Threaten to immediately bring in local police or other law-enforcement groups to have the taxpayer arrested for not paying. • Demand that taxes be paid without giving the taxpayer the opportunity to question or appeal the amount owed. • Ask for credit or debit card numbers over the phone. For anyone who does not owe taxes and has no reason to think they do: • Do not give out any information. • Hang up immediately or alternatively let the caller know that you brother in law works for the Criminal Investigation Division of the FBI, and do ask for call back information – most probably at that point you will hear nothing more than ring tone. For anyone who owes tax or thinks they do: • Do not discuss any matter with any caller, ask for IRS ID information, and contact information, and politely hang up. • You can review your liability with the IRS at IRS.gov to see the actual amount you owe. • You can then also review your payment options. • Call the number on the billing notice, or • Call the IRS at 800-829-1040. IRS workers can help. • It is best that you call us. The IRS does not use email, text messages or social media to discuss personal tax issues such as those involving bills or refunds.
6/20/2017 6:44:36 PM
Nehoray & Drake, LLP
https://attorney.elderlawanswers.com/newsletter/actions/view-article-new/c/16344/id/8034
6/10/2017 12:41:41 AM
Nehoray & Drake, LLP
https://attorney.elderlawanswers.com/newsletter/actions/view-article-new/c/16344/id/8036
6/10/2017 12:40:59 AM
Nehoray & Drake, LLP
https://attorney.elderlawanswers.com/newsletter/actions/view-article-new/c/16344/id/8035
6/10/2017 12:40:16 AM
Nehoray & Drake, LLP
Our Managing Partner Mac Nehoray with Dr. Phil, Alaleh Kamran and our client V Stiviano
5/22/2017 2:35:34 AM
Nehoray & Drake, LLP
Do owners of a new Corporation have to comply with Federal and State Securities law? In simple answer yes, but it is lot more complicated. A new Corporation for example has to issue shares to it's owners and shares are classified as securities by both federal and State laws. The same is true in many type of LLCs (such as manager managed LLC). However there are exemptions that are available in both State and Federal code that would exempt the transaction from compliance requirement. Many fail to realize that in California for example you must file an exemption notice with Commissioner of Business oversight within 15 days of issuing shares to owners of Corp or membership interest of LLC
4/14/2017 11:06:34 PM
Nehoray & Drake, LLP
President Trump's Tax Proposals President Trump's Tax Plan as it is listed on his website lists the following proposals: For individual taxpayers: • Tax rates and breakpoints for Married-Joint filers would be: o Less than $75,000: 12% o More than $75,000 but less than $225,000: 25% o More than $225,000: 33%; • Brackets for single filers would be half of the above amounts; • Low-income Americans would have an effective income tax rate of 0" (this already exists in various forms with extensive social welfare tax credits which amount to thousands of dollars – therefore this actually might mean less money to those in the low income brackets); • The existing capital gains rate structure (maximum rate of 20%) would be maintained, with tax brackets shown above; • Carried interest would be taxed as ordinary income; • Net Investment income tax on interest, dividends, and net rental income of 3.8% would be repealed; • The alternative minimum tax (AMT) would be repealed (The real Flat Tax which is either 26% or 28% depending upon the makeup of the taxpayer income – yes we have a Flat Tax for those who do not understand tax law); • The standard deduction for joint filers would increase to $30,000, and the standard deduction for single filers would be $15,000; (This could be extremely problematic in that it will have adverse effects on the real estate industry as it will negatively impact those who might otherwise be looking to enter into home purchase as the incentive for the tax deductions related to home ownership would be gone) • Personal exemptions would be eliminated; • Head-of-household filing status would be eliminated; • Itemized deductions would be capped at $200,000 for Married-Joint filers and $100,000 for Single filers; • The estate tax would be repealed but capital gains on property held until death and valued over $10 million would be subject to tax with an exemption for small businesses and family farms. To prevent abuse, contributions of appreciated assets into a private charity established by the decedent or the decedent's relatives would be disallowed; The Trump website makes no mention of the gift tax. • There would be the following child care and elder care rules: o An above-the-line deduction for children under age 13, which would be capped at state average for age of child, and for eldercare for a dependent. The exclusion would not be available to taxpayers with total income over $500,000 for Married-Joint or $250,000 for Single; o Rebates for childcare expenses to certain low-income taxpayers through the Earned Income Tax Credit (EITC). The rebate would be equal to 7.65% of remaining eligible childcare expenses, subject to a cap. This rebate would be available to married joint filers earning $62,400 ($31,200 for single taxpayers) or less; o All taxpayers would be able to establish Dependent Care Savings Accounts (DCSAs) for the benefit of specific individuals, including unborn children. Total annual contributions to a DCSA would be limited to $2,000 per year from all sources. The government would provide a 50% match on parental contributions of up to $1,000 per year for these households. Business taxpayers: • The business tax rate would decrease from 35% to 15%; • The corporate AMT would be eliminated; • There would be a deemed repatriation of corporate profits held offshore at a one-time tax rate of 10%; • Most corporate tax expenditures except for the research and development credit would be eliminated (this is puzzling as to what this means); • Firms engaged in manufacturing in the U.S. could elect to expense capital investment and lose the deductibility of corporate interest expense (again problematic). An election once made could only be revoked within the first three years of election; and • The annual cap for the business tax credit for on-site childcare would be increased to $500,000 per year (up from $150,000), and the recapture period would be reduced to five years (down from ten years). __________________________________________ With special thanks to Pete
3/9/2017 7:59:59 PM
Nehoray & Drake, LLP
As part of an effort to close perceived loopholes in Medicaid law, Congress is considering making it harder to qualify for Medicaid if a community spouse has an annuity. The proposed bill aims to prevent married couples from using assets to purchase an annuity for the community spouse, so that the institutionalized spouse can apply for Medicaid. The bill would count half of the income from a community spouse's annuity as income available to the institutionalized spouse for purposes of Medicaid eligibility. The House Energy and Commerce Committee held a hearing on February 1, 2017, to consider the changes. Savings from the legislation would be used to reduce waiting lists for home health care waivers. Along with limiting spousal annuities, Congress is also considering bills to count lottery winnings as income and require Medicaid applicants to prove U.S. citizenship or residency before receiving benefits. Update: the House Energy and Commerce Committee has approved the measures limiting spousal annuities and counting lottery winnings as income. For more information about the proposed legislation, click here. For a discussion of the proposed changes by Howard Gleckman of the Urban Institute, https://www.forbes.com/sites/howardgleckman/2017/02/01/could-congress-boost-medicaid-long-term-care-benefits-for-some-by-curbing-spousal-annuities/#7716b0ff670f
3/2/2017 5:19:32 PM
Nehoray & Drake, LLP
We have written more than 20 reports in Estate Planning arena. You are more than welcome to download and view them at any time on our new Website. http://www.nehoraydrakelaw.com/resources/
2/14/2017 7:29:33 PM

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