/Karla Chavez-Luna

About Karla Chavez-Luna

Karla Chavez-Luna, CPA, MST is a Gumbiner Savett Inc. Tax Principal. Karla works extensively with high-net-worth clients to guide them through the process of optimizing their income tax positions and decreasing their tax liability to help preserve the wealth that they have worked for. Her specialty lies in the areas of tax planning, consulting and compliance for privately held companies (corporations, S corporations, and partnerships), trusts and estates, and high-net-worth families and their entities.

Adding your grandchild’s college tuition into your estate plan

By |2019-05-10T18:10:00+00:00May 10th, 2019|Articles, Blog|

  The staggering cost of college makes it critical for families to plan carefully for this major expense, and in many cases, grandparents want to play a role. As you examine the many financing options for your grandchildren, be sure to consider their impact on your estate plan. Make payments directly to the college A [...]

The unique considerations in estate planning for single parents.

By |2019-05-09T00:00:27+00:00May 8th, 2019|Articles, Blog|

    Estate Planning for Single Parents Here’s a fast fact: The percentage of U.S. children who live with an unmarried parent has jumped from 13% in 1968 to 32% in 2017, according to Pew Research Center’s most recent poll. While estate planning for single parents is similar to estate planning for families [...]

Business Meals and Entertainment Under Tax Reform

By |2018-05-23T00:10:47+00:00May 31st, 2018|Tax Cuts and Jobs Act, Tax Planning|

In late December 2017, Congress passed and the President signed the Tax Cuts and Jobs Act. The law will phase in a wide variety of changes to the way businesses calculate their tax liabilities — some beneficial, some detrimental. Revisions to the treatment of employee meals and entertainment expenses fall in the latter category. [...]

Big Changes for the Tax Treatment of Alimony Payments

By |2018-04-09T23:33:45+00:00February 13th, 2018|Tax Cuts and Jobs Act, Tax Planning|

Are you in the process of a divorce, or considering revisions to a divorce agreement?  Be aware that the recently enacted Tax Cuts and Jobs Act (TCJA) is bringing drastic changes to the tax treatment of alimony payments. Current Rules Current rules allow a deduction for alimony payments made pursuant to a divorce or separation [...]

CA Disaster Victims may be Eligible for Property Tax Relief

By |2019-06-03T19:32:43+00:00February 7th, 2018|Tax Planning|

California has been hit by several disasters over the past year.  Victims may be eligible for various types of relief, but perhaps least known is California property tax relief. What is Property Tax Basis? Property taxes can be significant in California.  Our high property values mean the related taxes are often a sizable amount.  Our [...]

An overview of the GOP’s proposed tax reform plan

By |2017-10-03T23:17:42+00:00October 3rd, 2017|News|

Last Thursday, President Trump and Senate Republicans turned their attention to tax reform by releasing an outline of their long-awaited tax reform plan. The nine-page “Unified Framework for Fixing Our Broken Tax Code” is intended to serve as a template for the congressional committees to draft legislation to cut tax rates, simplify the tax code [...]

Keep Detailed Records for “Listed” Vehicles

By |2017-05-24T13:42:21+00:00December 8th, 2014|Tax Planning|

When it comes to deducting vehicle expenses (and costs related to other "listed" property), the law is clear and strict on required documentation. There is little wiggle room, as illustrated in one recent U.S. Tax Court case. Personal and business use property Listed property is a special classification for assets that lend themselves to both personal [...]

Estate Planning Back on Track

By |2017-05-24T13:42:32+00:00July 10th, 2013|Articles, Estate & Trusts, Tax Planning|

Some individuals were in a panic late last year as the favorable estate and gift tax rules were set to expire in 2013. With Congressional action uncertain, no one knew how their plans might be affected. Good News... Estate Rules Marginally Changed To the relief of tax payers and planners, most of the estate rules [...]

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