The 2018 IRS Dirty Dozen,
Part III: Abusive Tax Shelters, Offshore Tax Schemes, and Frivolous Tax Arguments

In this post we continue our coverage of tax evasion schemes with three that make it to the IRS Dirty Dozen list every year: Abusive tax shelters, offshore tax schemes, and frivolous tax arguments. More tax evasion schemes to watch out for Tax shelters and offshore bank accounts are two...

The 2018 IRS Dirty Dozen,
Part II: Padding Deductions, Claiming Undeserved Business Credits, Falsifying Income, Inflating Refunds

In our last post, we covered four schemes aimed at taking advantage of well-meaning taxpayers. The next four items on the IRS Dirty Dozen for this year involve illegal actions taken by taxpayers to either reduce their taxable income, or to claim deductions or credits to which they are not...

The 2018 IRS Dirty Dozen,
Part I: Identity Theft, Phone and Phishing Scams, Fake Charities

Every year, the IRS releases a list of 12 schemes that are especially popular during the tax season. This year’s “Dirty Dozen” includes three types of warnings: (1) Protect your personal information and your assets, (2) Don’t engage in tax avoidance or evasion schemes, and (3) Don’t waste the government’s...

So I Just Lost My Job. Can I Now Deduct My Job Hunting Expenses For Income Tax Purposes?

Article by Steve Moskowitz, J.D., LLM., Senior Partner and co-author Anthony Dsiodi, J.D., LLM., Senior Associate Date Published Jan 2009 San Francisco Business Times In these difficult economic times, countless Americans have been forced to look for a new job. Many of our readers will be surprised to learn that...

Now Since Switzerland has Lost its Status as a Secrete Tax Haven, Should the Holders of Secret Swiss Offshore Accounts Rush to Confess to the IRS?

On June 30, a federal court in Fort Lauderdale authorized the IRS to serve a civil summons on the Swiss banking giant UBS, demanding the names of approximately 19,000 U.S. clients who apparently hold offshore bank accounts. UBS has yet to comply with the court order. However, the banking giant...

How to deduct unlimited real estate losses against other income while avoiding the pitfalls of tax laws.

Date Published: Dec 08 San Francisco Business Times The Law Offices of Stephen Moskowitz, LLP has seen a major increase in audits and one of the common red flags we are seeing are taxpayers deducting real estate losses against ordinary income. The Internal Revenue Code places constraints on netting real...