Raquel Lazar-Paley, Author at Moskowitz LLP

What to Do If You Have an Unreported Foreign Bank Account

Posted on April 6, 2020April 7, 2020 by Raquel Lazar-Paley Posted in International Taxation, Tax: Audits, Litigation & Collection

The Tax Law Firm of Moskowitz, LLP represents individuals and businesses that have not reported their foreign bank accounts or income. Since the IRS cracked UBS in 2008, the agency has been on a crusade to end the practice of hiding offshore income and bank accounts valued at more than...

Estate Planning Benefits of Conservation Easements

Posted on March 13, 2020February 28, 2020 by Raquel Lazar-Paley Posted in Estate Planning & Taxation, Real Estate Law, Tax Planning & Compliance

Previous Posts in this Series Conservation Easements Income Tax Benefits of Donating Conservation Easements Sales and Like Kind Exchanges of Conservation Easements One of the biggest advantages of donating a conservation easement is that it can significantly reduce your estate tax burden and keep land in the family. Reducing estate...

Sales and Like Kind Exchanges of Conservation Easements

Posted on February 28, 2020March 26, 2020 by Raquel Lazar-Paley Posted in Real Estate Law, Tax Planning & Compliance

Previous Posts in this Series Conservation Easements Income Tax Benefits of Donating Conservation Easements In our previous posts on conservation easements, we discussed how a real property owner can donate a conservation easement to their land and retain rights to the rest of their property, all while reducing their tax...

Income Tax Benefits of Donating Conservation Easements

Posted on February 13, 2020April 19, 2021 by Raquel Lazar-Paley Posted in Tax Planning & Compliance, Real Estate Law

Previous Posts in this Series Conservation Easements An owner of a significant piece of land or a building can give up one or more of their rights in that property for conservation purposes, while still retaining the rest of their rights. Giving up a right in property (land or buildings)...

Conservation Easements

Posted on January 30, 2020January 24, 2020 by Raquel Lazar-Paley Posted in Real Estate Law, Tax Planning & Compliance

The protagonist of the film The Descendants is the trustee of a family trust that since the 1860s has owned a 25,000-acre parcel of pristine Hawai’ian land on Kauai Island. The land is the last remaining asset of a family legacy, the proceeds of which have been distributed – and...

International Information Returns

Posted on January 16, 2020February 28, 2020 by Raquel Lazar-Paley Posted in International Taxation, Tax Planning & Compliance

There are extraordinarily high tax penalties for the late filing of certain international information returns. If you have assets overseas, you most likely have at least one international information return reporting requirement. Don’t ignore these filings or you could lose a large portion of your investment to tax penalties. Do...

International Issues in Estate Planning: One Will or Two?

Posted on January 10, 2020November 25, 2020 by Raquel Lazar-Paley Posted in Estate Planning & Taxation, International Taxation

You may need to have a separate will for each country in which you have assets. Individuals and couples with assets in more than one country need to ensure that their estate planning documents are valid in all the jurisdictions in which they have property. Although in some instances this...

California’s Marijuana Regulatory Framework

Posted on December 5, 2019November 25, 2020 by Raquel Lazar-Paley Posted in Cannabis Practice Group

The California Cannabis Industry is strictly regulated by numerous governmental agencies. In November of 2016, 56% of California voters chose to legalize recreational marijuana in the state. Proposition 64, the Adult Use of Marijuana Act (AUMA), has permitted adults to grow, sell and smoke the drug without a medical reason...

Estate Planning for the Non-citizen Spouse

Posted on November 21, 2019October 13, 2020 by Raquel Lazar-Paley Posted in Estate Planning & Taxation

If you have a large estate and either you or your spouse is not a U.S.citizen, you should consider setting up a Qualified Domestic Trust (QDOT). If you and your spouse are both U.S. citizens, it is unlikely that you will be faced with an estate tax bill. You have...

Preparing for a California Residency Audit (archived)

Posted on November 7, 2019December 6, 2021 by Raquel Lazar-Paley Posted in State & Local Taxation, Tax: Audits, Litigation & Collection

California taxing authorities aggressively pursue state revenue through taxation, and devote a significant amount of their resources to residency audits and litigation. Gilbert Hyatt made history and $90 million when he invented the integrated circuit microprocessor (the computer microchip). Little did he know at the time that he would also...

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