Tax Planning & Compliance Blog Posts from the Tax Firm, Moskowitz LLP

Tax Tales: Married Couples Filing Separate Taxes

Posted on December 2, 2010February 20, 2019 by Moskowitz LLP Posted in Tax Planning & Compliance, State & Local Taxation, Tax: Audits, Litigation & Collection

In today’s age of technology we enjoy access to information at the push of a button. The latest advances in technology not only benefit us greatly, but also the government. After 9/11, the Patriot Act gave the government more access to financial institutions both domestic and foreign. Personal and business financial...

NEW 1099 FILING REQUIREMENTS

Posted on November 23, 2010February 20, 2019 by Moskowitz LLP Posted in Tax Planning & Compliance, Business Law

By now most people have heard something about the massive health care overhaul that will occur due to the passage of section 9006 of the new Health Care Reform Bill. Many companies are trying to figure out how the bill will affect their medical plans and related expenses. However, they...

Wesley Snipes to serve three years in federal prison for not filing tax returns

Posted on November 19, 2010February 21, 2019 by Moskowitz LLP Posted in Tax Planning & Compliance, Criminal Tax Law, Tax: Audits, Litigation & Collection

Owing taxes is not a crime, but his willfully not filing a tax return is San Francisco, CA - It is not a crime to owe money to the IRS. If Wesley Snipes had filed his tax returns but couldn't pay he would not be going prison. Willfully not filing is where...

Bush-Era Tax Cuts Expiring Soon

Posted on October 6, 2010June 11, 2018 by Moskowitz LLP Posted in Tax Planning & Compliance

Senior Partner of the Law Offices of Stephen Moskowitz, LLP The Bush Tax cuts will expire if Congress does not act by the end of this year. Their expiration would have an across-the-board impact that would be felt by many Americans. Perhaps the best way to prepare for the impact...

Abusive trust schemes that the Internal Revenue Service Targets

Posted on June 6, 2010June 11, 2018 by Moskowitz LLP Posted in Tax Planning & Compliance, Criminal Tax Law

Over the past decade, numerous individuals claiming to be knowledgeable tax advisors have promoted trust tax schemes. The promoters of these trust schemes often charge unsuspecting taxpayers $5,000 to $100,000 to establish intricate trust plans. Most of these promoters fully understand that they are marketing an illegal enterprise. However, in...

Utilizing Losses from your Stock Portfolio

Posted on March 13, 2010June 11, 2018 by Moskowitz LLP Posted in Tax Planning & Compliance

Currently, the Internal Revenue Service taxes gains on stock investments held for one year or less at short-term capital gains rates. These gains are taxed at ordinary income tax rates. However, for investments held more than one year, the gains on stocks are taxed at long-term capital gains rates. Currently,...

American Recovery and Reinvestment Act of 2009

Posted on March 6, 2010June 11, 2018 by Moskowitz LLP Posted in Tax Planning & Compliance

What you can do right now for your bottom line. The Stimulus Bill, a.k.a., The American Recovery and Reinvestment Act of 2009 provides for many practical and valuable tax incentives which will really benefit individuals and businesses. Everyone should consult with a tax advisor, as this is not “a walk...

US Tax Consequences to Foreign Investors

Posted on January 2, 2010June 11, 2018 by Moskowitz LLP Posted in Tax Planning & Compliance, International Taxation

During the past few decades the United States has received a massive influx of foreign investment from abroad. Much of these international investors are unaware of the domestic tax consequences of investing in the United States. Foreign investors may be subject to US domestic taxation simply by investing or traveling...

The Nuts And Bolts Of A 1031 Exchange

Posted on January 2, 2010December 19, 2018 by Moskowitz LLP Posted in Real Estate Law, Tax Planning & Compliance

If done properly, individuals should never pay income taxes on the sale of a property if they intend to reinvest the proceeds of a sale of property in a similar or like-kind property. The advantage of a like-kind or Section 1031 Exchange is the ability of a taxpayer to sell...

It’s not too late to lower your taxes for 2009

Posted on October 6, 2009June 11, 2018 by Moskowitz LLP Posted in Tax Planning & Compliance, Business Law

What are you doing to lower your tax bill? Now is the time to take advantage of the remainder of 2009 to make changes that can lower your tax bill now and looking towards the future to make 2010 your year be proactive with the tax code. Please contact our...

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Category: Tax Planning & Compliance