Category: Tax Services

The Tax Services Archive is a collection of posts related to tax law that have not been placed in a specific tax law category.

The IRS Tax Whistleblower Program: Part II, Whistleblower Protection

Posted on June 27, 2019August 26, 2019 by Moskowitz LLP Posted in Tax Services

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

Posted on June 25, 2019August 26, 2019 by Moskowitz LLP Posted in Tax Services

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

Posted on February 12, 2019October 13, 2020 by Moskowitz LLP Posted in Business Law, State & Local Taxation, Tax Services

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!

Posted on February 6, 2019April 25, 2019 by Moskowitz LLP Posted in Tax Planning & Compliance, Tax Services

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...

Category: Tax Services

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