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

Posted on by Moskowitz LLP 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...
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Leaving California and the Franchise Tax Board Behind: A Little Q&A on California Exit Planning

Posted on by Moskowitz LLP 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...
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2018 Tax Prep and Organizer Resources

Posted on by Moskowitz LLP 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,...
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Opportunity Zones, Part IV: How to Take Advantage of the Tax Benefits of Opportunity Zone Investment

Posted on by Moskowitz LLP Posted in State & Local Taxation, Tax Planning & Compliance
Other Posts in this Series Part I: New Opportunity To Save Taxes While Doing Good Part II: The Tax Benefits of Opportunity Zone Investment Part III: Opportunity Zone Investment Rules Steps to ensuring that you receive the tax benefits of your opportunity zone investment. In Parts I, II, and III,...
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Opportunity Zones, Part II: The Tax Benefits of Opportunity Zone Investment

Posted on by Moskowitz LLP Posted in State & Local Taxation, Tax Planning & Compliance
Other Posts in this Series Part I: New Opportunity To Save Taxes While Doing Good Part III: Opportunity Zone Investment Rules Part IV: How to Take Advangage of the Tax Benefits of Opportunity Zone Investment The longer you hold qualified opportunity zone property, the greater the tax benefit. Opportunity Zones...
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Opportunity Zones, Part I: New Opportunity to Save Taxes While Doing Good

Posted on by Moskowitz LLP Posted in State & Local Taxation, Tax Planning & Compliance
Other Posts in this Series Part II: The Tax Benefits of Opportunity Zone Investment Part III: Opportunity Zone Investment Rules Part IV: How to Take Advangage of the Tax Benefits of Opportunity Zone Investment The new tax law provides a tax incentive for investments in “Opportunity Zones” in order to...
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