Taxation of Convertible Virtual Currency, Part III: Reporting and Penalties for Noncompliance

Posted on by Moskowitz LLP Posted in Criminal Tax Law, Tax: Audits, Litigation & Collection
Other Posts in this Series Part I: It’s Not Money Part II: Taxation of Virtual Currency Income When it comes to Bitcoins and other convertible virtual currency, anonymity may not be all it’s cracked up to be. For one thing, an underlying assumption is that individuals who keep their financial...
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IRS Appeals and the AJAC Project, Part I

Posted on by Moskowitz LLP Posted in Tax: Audits, Litigation & Collection, Tax Planning & Compliance
Maintaining an Independent IRS Appeals process In an effort to demonstrate to taxpayers that IRS Appeals can be done in a fair and impartial manner by an independent appeals process, the IRS introduced the Appeals Judicial Approach and Culture (AJAC) Project which promotes a quasi-judicial approach in the handling of...
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Special Issue: 2014 Tax Planning Roundup

Posted on 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...
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California Criminal Enforcement Task Force

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

Posted on 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...
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