LA Times Mention In Mansion Tax Story

I was thrilled to be a source for a story earlier this month about tax planning—and the lengths taxpayers may go to when a new tax changes the math.

The article, written by Jack Flemming for the Los Angeles Times, focused on wealthy California residents who scrambled to avoid paying the new “mansion tax.” The tax, which took effect in Los Angeles in April, applies to certain high-dollar real estate transactions and prompted some property owners to move quickly to close deals before the effective date.

Flemming asked me to comment on various ways that wealthy taxpayers might structure their tax planning to avoid paying certain kinds of taxes—and why. As I explained, taxpayers with significant assets often have more flexibility in timing transactions or structuring their affairs. And when the dollars involved are large enough, even a relatively small change in the tax rate can affect how—and when—a deal gets done.

A brief quote of mine made it into the piece.

You can read the story here.