Moskowitz LLP, Author at Moskowitz LLP

Navigating ERC Application Challenges: How Moskowitz LLP Can Assist with Pending Claims, Rejections, and Audits

Posted on August 28, 2024August 30, 2024 by Moskowitz LLP Posted in ERC Faqs

Because of the June 28, 2024, U.S. Supreme Court ruling which overturned the Chevron doctrine, the landscape for interpreting tax laws has shifted. This change could be a tremendous benefit for the position of the taxpayer in how courts address IRS interpretations, especially in complicated cases like those involving the...

Proactive Strategies for Overcoming IRS Delays in ERC Processing

Posted on August 27, 2024August 30, 2024 by Moskowitz LLP Posted in ERC Faqs

As you may be aware, the IRS announced in September 2023 it was delaying the processing of Employee Retention Credit (“ERC”) applications. Even before this moratorium, the IRS had a tremendous backlog for ERC review, meaning submissions before the moratorium announcement were already delayed. Although these delays are out of...

2023 Tax Preparation – It’s the Perfect Time To Start!

Posted on November 1, 2023August 28, 2024 by Moskowitz LLP Posted in Tax Preparation & Accounting

Our tax preparation Early Bird Discount was so popular last year that we decided to offer it again. Here’s how to earn your 10% discount on our tax preparation services: Hire us before December 31, 2023 and receive a 10% discount and, if you qualify, a tax deduction for our...

Buying an Electric Vehicle? Know These Tax Law Changes

Posted on October 23, 2023October 26, 2023 by Moskowitz LLP Posted in Tax Advisory & Consulting

There’s good and bad news if you’re in the market for an electric or plug-in hybrid electric vehicle. The good news is that the newly enacted Inflation Reduction Act includes a wholly revamped tax credit for electric vehicles that starts in 2023 and continues through 2032. The bad news is...

IRS Small Business Audit Triggers

Posted on October 2, 2023October 26, 2023 by Moskowitz LLP Posted in Tax: Audits, Litigation & Collection

Moskowitz LLP is Ready to Defend Your Business The IRS is always scanning tax returns from small businesses that look unusual or out of the ordinary. Here are five areas of your business to be ready to defend should the IRS start asking you questions: Business vs Hobby Be ready...

Cryptocurrency: Scams and How to Avoid Them

Posted on September 25, 2023October 26, 2023 by Moskowitz LLP & Amelia Hans Posted in Cryptocurrency Tax Assistance

Crypto Security One of the most common misconceptions about Bitcoin is that people say it isn’t backed by anything, so there’s nothing that gives it any real value. Some might say the same about the U.S. Dollar, which since 1971 has had no intrinsic value as it is no longer...

Cryptocurrency: The Power of Perspective

Posted on September 14, 2023October 26, 2023 by Moskowitz LLP & Amelia Hans Posted in Cryptocurrency Tax Assistance

In late 2008, an anonymous person (or persons) known only by the pseudonym Satoshi Nakamoto published a nine-page research paper called “Bitcoin: A Peer-to-Peer Digital Cash System” on a cryptography forum. This paper detailed all the requirements that were needed to bring this decentralized, uncensored, trustless (you don’t have to...

Cryptocurrency: The Bitcoin Killer

Posted on August 28, 2023October 26, 2023 by Moskowitz LLP & Amelia Hans Posted in Cryptocurrency Tax Assistance

Over the years, more and more scams have begun to occur in the world of cryptocurrency. Which one is the worst of them all, however, has never been in doubt. The Times describes OneCoin as “one of the biggest scams in history.” It’s second only to Bernie Madoff’s 20-year Ponzi...

10 Useful Real Estate Tax Credits for Developers and Investors

Posted on August 14, 2023October 26, 2023 by Moskowitz LLP Posted in Real Estate Law

Table of Contents: FAQs Why Were Real Estate Tax Credits Created? How Do Tax Credits Differ from Deductions? Benefits of Tax Credits Common Types of Real Estate Tax Credits FAQs: How do tax credits work for developers? Real estate tax credits were developed to encourage investment in projects that provide...

Tax Planning: A Wise Investment in Your Future

Posted on August 1, 2023May 6, 2024 by Moskowitz LLP Posted in Tax Planning & Compliance

Benjamin Franklin once said, “Failing to plan is planning to fail.” Those words are still true today, especially when it comes to your financial future. What are your financial goals for the next ten years, or for retirement? What are you doing to decrease your tax burden now? The answers...

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