Jaspreet Singh Hundal

Managing Partner at Randhawa Hundal LLP
  • Tax Law, Bankruptcy, Business Law
  • California
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Claimed Lawyer ProfileQ&A
Summary

Jaspreet Hundal is a managing partner at Randhawa Hundal LLP. His practice focuses exclusively on Tax Law, Business Law, and Bankruptcy. He works with individuals and small to medium sized businesses on various legal issues.

Practice Areas
  • Tax Law
  • Bankruptcy
  • Business Law
Fees
  • Credit Cards Accepted
Jurisdictions Admitted to Practice
California
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Languages
  • English: Spoken, Written
  • Punjabi: Spoken
Education
University of California - Davis
B.A. | Political Science
University of California - Davis Logo
University of the Pacific, McGeorge School of Law
J.D. (2015) | Tax & Business Law
Honors: Cum Laude Deans' Honors (2013; 2014; 2015) Witkin Award - Taxation of Corporations Witkin Award - Taxation of Real Property Witkin Award - Taxation of International Transactions
University of the Pacific, McGeorge School of Law Logo
Awards
Witkin Award - Taxation of Real Estate Transactions
University of the Pacific, McGeorge School of Law
Witkin Award - Taxation of International Transactions
University of the Pacific, McGeorge School of Law
Honoree For Academic Scholarship
Chief Justice Traynor Honor Society
Graduated With Distinction (Top 20%)
University of the Pacific, McGeorge School of Law
Witkin Award - Taxation of Corporations
University of the Pacific, McGeorge School of Law
Top Ten Oral Appellate Advocate
University of the Pacific, McGeorge School of Law
Magna Cum Laude - Top 10%
UC Davis
Deans' Honors - 2013; 2014; 2015
University of the Pacific, McGeorge School of Law
Deans' Academic Scholarship - 2014; 2015
University of the Pacific, McGeorge School of Law
Professional Associations
Sacramento County Bar Association
Member
- Current
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State Bar of California # 310885
Member
- Current
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Certifications
Certified Mediator
University of the Pacific, McGeorge School of Law
Websites & Blogs
Website
Randhawa Hundal LLP
Blog
Legal Blog
Legal Answers
1 Questions Answered

Q. I'm a partner in a busines in CA and I need help with a question related to the personal income tax for profits didntget
A: This can be a confusing issue for many taxpayers who are partners in a partnership. As a partner, you will report your share of income that is listed on your K-1. With partnerships, you are taxable on your share of income regardless of whether or not you received a distribution. The tax laws with respect to partnerships distinguish between "allocations" and "distributions." As a partner, you are "allocated" your share of partnership income. You will be taxed on this amount even if the partnership does not "distribute" those funds to you. This presents the often confusing result of being taxed on money that you never "actually" received. You did mention that you are leaving the company. This has many tax consequences that beyond that scope of what can be accurately discussed on this post. Finally, please do not take this as definitive legal advice. This is a general outlay of how the partnership code works with respect to the specific issue of being taxed on your allocable share of income that you never received a distribution of.
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Contact & Map
Randhawa Hundal LLP
2200 Douglas Blvd., Bld. B, Ste. 175B
Roseville, CA 95661
USA
Telephone: (916) 580-3681