The Ultra-Millionaire Tax And What It Means For Wealthy Taxpayers

Posted on by Erin Humbles Posted in Tax: Audits, Litigation & Collection
Significant legislation has been passed in efforts to get the national economy on its feet following the COVID-19 pandemic. Simultaneously there have been significant efforts at the national level to address what many call the wealth inequality in America. One proposed approach that has been gaining momentum is to increase...
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Audio: Steve Moskowitz Answers Your Tax Questions in the Coronavirus Age

Posted on by Erin Humbles Posted in Distressed Business/COVID-19, State & Local Taxation, Tax Planning & Compliance, Tax Services, Tax: Audits, Litigation & Collection
Steve Recently Sat Down with Nikki Medoro from KGO810 and Answered Questions About Coronavirus Tax Relief & Legislation Founding attorney Steve Moskowitz recently appeared on KGO810's Morning Show with Nikki Medoro to clear up some issues surrounding how the Coronavirus crisis has affected your federal tax returns. Topics Steve weighs...
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An FAQ for Surviving the Financial and Tax Implications of COVID -19

Posted on by Erin Humbles Posted in Distressed Business/COVID-19, Estate Planning & Taxation, State & Local Taxation, Tax Planning & Compliance, Tax Services, Tax: Audits, Litigation & Collection
As our country and clients continue to struggle with the changing landscape created by the COVID-19 epidemic, Moskowitz LLP will continue to keep our clients apprised of changes imposed on tax and financial planning by the virus. Below, we've put together an FAQ of questions and answers which our clients...
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Preparing for a California Residency Audit (archived)

Posted on by Erin Humbles 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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What Constitutes “Willful” Failure to File An FBAR?

Posted on by Erin Humbles Posted in International Taxation, Tax: Audits, Litigation & Collection
The willful failure to file an FBAR results in higher tax penalties than the non-willful failure to do so. But how does the IRS determine that your failure to act was “willful”? The U.S. Government’s stringent foreign bank account reporting requirements are accompanied by horribly disproportionate penalties for failure to...
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