Moskowitz LLP, Author at Moskowitz LLP

Taxation of Convertible Virtual Currency, Part II: Taxation of Virtual Currency Income

Posted on November 10, 2014April 1, 2022 by Moskowitz LLP Posted in Tax Planning & Compliance

Other Posts in this Series Part I: It’s Not Money Part III: Reporting and Penalties for Noncompliance In Part I of this series, we discussed the IRS guidelines on the taxation of gains and losses associated with convertible virtual currency. In this post, we will focus on the taxation of...

Special Issue: 2014 Tax Planning Roundup

Posted on October 29, 2014October 12, 2020 by Moskowitz LLP Posted in Tax Planning & Compliance, Estate Planning & Taxation, Real Estate Law

What's Inside Planning: Year-End Investment Tax Planning Year-End Charitable Tax Planning Year-End Family Tax Planning Year-End Retirement Tax Planning Year-End Estate Tax Planning Year-End Business Tax Planning Tax Calendar Dear Client, Colleague, or Tax Enthusiast, Having just finished the extended 2013 tax filing season, we are aware of the very...

Taxation of Convertible Virtual Currency, Part I: It’s Not Money

Posted on October 28, 2014February 18, 2019 by Moskowitz LLP Posted in International Taxation

Other Posts in this Series Part II: Taxation of Virtual Currency Income Part III: Reporting and Penalties for Noncompliance Ecuador will soon be the first country in the world to have digital currency issued by a central bank. Although the new Ecuadorian currency won’t necessarily function like Bitcoin, Litcoin, Peercoin...

California Criminal Enforcement Task Force

Posted on October 28, 2014February 18, 2019 by Moskowitz LLP Posted in Criminal Tax Law, State & Local Taxation

The Sacramento Bee reports that the California Board of Equalization has unveiled a website to help the public report people or companies suspected of tax evasion and other crimes in the underground economy. See Article here. (10/27/14) Agencies including the California Department of Justice, California Franchise Tax Board, and Federal...

Income from Abroad is Taxable

Posted on October 7, 2014February 18, 2019 by Moskowitz LLP Posted in International Taxation, Tax Planning & Compliance

We wanted to remind you that with a more than 90% conviction rate and substantial penalties for noncompliance, it is more important than ever to keep current with your U.S. tax filings. This doesn't only mean your income tax returns, but also your FBAR and FATCA reporting. The IRS and...

Offshore Bank Account Crackdown; Analysis of Recent Plea – August 2014

Posted on September 26, 2014February 18, 2019 by Moskowitz LLP Posted in International Taxation, Criminal Tax Law

83 year-old "Hot Lips" Pleads to Federal Tax Crimes As part of our Offshore Voluntary Disclosure and Tax Compliance practice, we follow cases of interest. Last week, the U.S. Attorney's office announced a guilty plea of conspiracy to defraud the United States and willfully failing to disclose offshore bank account...

TAX DISPUTE? KNOW YOUR RIGHTS

Posted on September 15, 2014February 18, 2019 by Moskowitz LLP Posted in Tax: Audits, Litigation & Collection, Criminal Tax Law

When facing a tax dispute it is perfectly normal (and common) to feel intimidated by the government. Often, when determining whether or not to contest a tax bill, our clients voice the fear that 'it is not worth it to go against the government.' This fear is often based in...

IRS Threatens to Crackdown on Employee Perks

Posted on September 6, 2014February 18, 2019 by Moskowitz LLP Posted in Business Law, Tax: Audits, Litigation & Collection

Many companies provide perks, such as free food, to employees in an effort to keep employees on the premise and happy. In fact, here in San Francisco and the Northern California area, companies are famous for employer provided benefits. Google has cafeterias with world famous chefs; many companies have fully...

Crackdown on Tax Treaty Abuses

Posted on August 27, 2014February 18, 2019 by Moskowitz LLP Posted in Tax: Audits, Litigation & Collection, Business Law, Tax Planning & Compliance

Tax authorities throughout the world are cracking down on taxpayers – individuals and corporations – that utilize some aggressive tax planning strategies. While most of these schemes are perfectly legal and merely take advantage of loopholes in the international tax system, there is a growing concern that they not only...

The Fine Line between Tax Evasion and Tax Avoidance

Posted on August 27, 2014February 18, 2019 by Moskowitz LLP Posted in Tax Planning & Compliance, Criminal Tax Law

The Fine Line between Tax Evasion and Tax Avoidance Any one may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one's taxes....

How can we help you today?