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

Tax Information Deadlines

Posted on January 15, 2019April 25, 2019 by Moskowitz LLP 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 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,...

The State of California Hits “Rock Bottom”

Posted on January 8, 2019April 25, 2019 by Moskowitz LLP 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...

Opportunity Zones, Part IV: How to Take Advantage of the Tax Benefits of Opportunity Zone Investment

Posted on December 27, 2018October 13, 2020 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,...

Opportunity Zones, Part III: Opportunity Zone Investment Rules

Posted on December 26, 2018October 13, 2020 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 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...

Opportunity Zones, Part II: The Tax Benefits of Opportunity Zone Investment

Posted on December 24, 2018October 13, 2020 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...

Opportunity Zones, Part I: New Opportunity to Save Taxes While Doing Good

Posted on December 20, 2018October 13, 2020 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...

IRS Issues New Guidance on Voluntary Disclosures

Posted on December 20, 2018November 25, 2020 by Moskowitz LLP Posted in Estate Planning & Taxation, Tax Planning & Compliance

With the end of the Offshore Voluntary Disclosure Program (OVDP), the IRS has provided new guidance for taxpayers facing charges of tax evasion to come into compliance with their reporting requirements and avoid criminal prosecution. On November 20, 2018, the Treasury Department issued new guidance for U.S. taxpayers who have...

New Tax Rules for Deducting Executive Compensation

Posted on December 19, 2018April 25, 2019 by Moskowitz LLP Posted in Business Law, Tax Planning & Compliance

The Section 162(m) $1 million deduction limit for executive compensation has been further restricted under the new tax law. The performance-based and commission-based pay exemptions have been eliminated, CFOs have been added to the list of covered employees, and all companies that report to the SEC are now subject to...

Save Now While Saving for Later: Retirement Funds and Year-End Tax Planning

Posted on December 12, 2018April 25, 2019 by Moskowitz LLP Posted in Tax Planning & Compliance, Estate Planning & Taxation

The new tax law did not change the rules regarding retirement plan contributions and their limits. Taxpayers can still lower their taxable income by making contributions to their retirement savings plans before year-end. The Employee Benefit Research Institute’s 2018 Retirement Confidence Survey indicates that only 32% of retirees are “very...

Tax Resources

Category: Tax Planning & Compliance