5 Ways to maximize your Cash Flow NOW: Relevant Strategies under the Coronavirus Aid, Relief, and Economic Security Act, a.k.a. the “CARES Act”
1) Stimulus Checks = Money Now Individuals making up to $75,000 a year would receive checks for $1,200, with an additional $500 per child. The payments would progressively decrease for individuals making more than $75,000, with an income cap of $99,000. The catch: in most cases, you must file your...
An FAQ for Surviving the Financial and Tax Implications of COVID -19
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...
Financial Crisis – Legal Resources for COVID -19
Moskowitz LLP is a full-service law firm whose members have practiced in the San Francisco Bay Area for over 30 years. During this time, the health and safety of you, your loved ones, and the community are first and foremost. Given we work with financially distressed individuals and businesses as...
For a Limited Time Only, Moskowitz is Offering Year-End Tax Planning Services
Think the Trump Tax Cuts and Jobs Act of 2017 doesn’t matter to you? Your ignorance could be costing you lots of money. Schedule a meeting now to see if our year end planning services can reduce your 2019 tax bill. Schedule with Cliff Now Moskowitz attorneys and accountants have...
Moskowitz LLP Offers Three Free Tax Seminars This October in the San Francisco Area
Moskowitz LLP is going to be hosting three free seminars this October! Participants will learn vital tax lessons from the Moskowitz team, drawing from their 30 years of experience helping domestic and international clients with tax challenges. You will learn: How to pay tax on only 80% of your profit,...
The IRS Tax Whistleblower Program: Part II, Whistleblower Protection
This is a continuation of the first post on the IRS Tax Whistleblower Program. It’s nice to be able to do good without being punished for it. For this reason, the most concerning issues for the vast majority of whistleblowers is confidentiality and protection from retaliation. In this post we...
The IRS Whistleblower Program: Part I, Whistleblower Awards
The IRS is authorized to pay private citizens for information that helps it identify individuals guilty of tax evasion. In 2012, Swiss bank whistleblower Bradley Birkenfeld received a record-breaking $104 million award from the IRS for helping uncover widespread U.S. tax fraud by Swiss bank UBS and numerous wealthy Americans....
Businesses Entitled to Deduct Charitable Contributions Received in Exchange for SALT Credits
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...
Fell a little short on your estimated tax payments? No worries!
On January 16, 2019, the IRS announced that it will be waiving the tax underpayment penalty for those who fell short on their 2018 estimated tax payments. The federal tax underpayment tax penalty is usually waived for taxpayers who paid at least 90% of their tax liability during the year...