State & Local Tax Issues | An Archive of Blog Posts from Moskowitz LLP

For a Limited Time Only, Moskowitz is Offering Year-End Tax Planning Services

Posted on November 26, 2019January 8, 2020 by moskowitz Posted in Estate Planning & Taxation, International Taxation, State & Local Taxation, Tax Planning & Compliance, Tax Services

Think the Trump Tax Cuts and Jobs Act of 2017 doesn’t matter to you? Your ignorance could be costing you lots of money. Schedule a meeting now to see if our year end planning services can reduce your 2019 tax bill. Schedule with Cliff Now Moskowitz attorneys and accountants have...

Preparing for a California Residency Audit

Posted on November 7, 2019January 9, 2020 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...

What Is California Source Income?

Posted on October 24, 2019January 8, 2020 by Raquel Lazar-Paley Posted in State & Local Taxation

California nonresidents are subject to California state income tax on their California-source income. The State of California taxes its residents on all of their income, including income acquired from sources outside the state. Nonresidents are also subject to California income tax, but only on their California-source income. The California Franchise...

Moskowitz LLP Offers Three Free Tax Seminars This October in the San Francisco Area

Posted on September 26, 2019January 8, 2020 by moskowitz Posted in Business Law, Estate Planning & Taxation, Real Estate Law, State & Local Taxation, Tax Planning & Compliance, Tax Services

Moskowitz LLP is going to be hosting three free seminars this October! Participants will learn vital tax lessons from the Moskowitz team, drawing from their 30 years of experience helping domestic and international clients with tax challenges. You will learn: How to pay tax on only 80% of your profit,...

Businesses Entitled to Deduct Charitable Contributions Received in Exchange for SALT Credits

Posted on February 12, 2019April 25, 2019 by moskowitz Posted in Business Law, State & Local Taxation, Tax Services

One of the more controversial provisions of the Tax Cuts and Jobs Act (TCJA) of 2017 was the addition of 26 U.S. Code § 164(b)(6), which capped the tax deduction for state and local taxes (SALT) paid by an individual to $10,000 per year ($5,000 for married taxpayers who file...

Leaving California and the Franchise Tax Board Behind: A Little Q&A on California Exit Planning

Posted on January 29, 2019April 25, 2019 by moskowitz Posted in State & Local Taxation, Tax Planning & Compliance

Individuals and businesses alike are leaving California to take advantage of lower taxes, lower labor costs, more affordable living, and less stringent regulations elsewhere. If you are part of this exodus, it is important to plan your move carefully so that the State of California has no reason to continue...

Tax Information Deadlines

Posted on January 15, 2019April 25, 2019 by moskowitz Posted in State & Local Taxation, Tax Planning & Compliance

Deadline: January 31, 2019 Form 1040-ES: Estimated Tax Payment (4th Quarter 2018) If you don’t pay your income tax obligations through withholding because you are self-employed or are otherwise required to pay quarterly estimated taxes, be sure to postmark your fourth payment before the January 16th deadline. If you file...

2018 Tax Prep and Organizer Resources

Posted on January 15, 2019April 25, 2019 by moskowitz Posted in Estate Planning & Taxation, State & Local Taxation, Tax Planning & Compliance

Our attorneys and accountants have extensive experience preparing tax returns and other reports to federal, state and other taxing agencies. The firm handles both routine and complex tax filings at the federal, state and local levels. We prepare the full range of returns, including individual income tax returns,corporate tax returns,...

“When you steal from the state coffer, you are stealing from the public.”

Posted on January 10, 2019April 25, 2019 by moskowitz Posted in State & Local Taxation

State sales taxes may appear to be small fry compared to federal income taxes, but don’t be misled. The State of California is serious about collecting sales tax, and is vigilant in its pursuit and punishment of retailers who fail to remit the amounts they collect from their customers. The...

The State of California Hits “Rock Bottom”

Posted on January 8, 2019April 25, 2019 by moskowitz Posted in State & Local Taxation, Tax Planning & Compliance

This past June, Michael Steven Rock of “Rock Bottom Beds,” a furniture store in Roseville, California, was sentenced to one year in jail followed by five years’ probation for sales tax evasion and filing a false state income tax return. From July 2008 through June 20012, Mr. Rock had collected...

Category: State & Local Taxation

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