Table of Contents: FAQs Why Were Real Estate Tax Credits Created? How Do Tax Credits Differ from Deductions? Benefits of Tax Credits Common Types of Real Estate Tax Credits FAQs: How do tax credits work for developers? Real estate tax credits were developed to encourage investment in projects that provide a direct societal or environmental…
Benjamin Franklin once said, “Failing to plan is planning to fail.” Those words are still true today, especially when it comes to your financial future. What are your financial goals for the next ten years, or for retirement? What are you doing to decrease your tax burden now? The answers to these questions require more…
An IRS audit notice can inspire fear: fear of going to jail, fear of an unpayable fine, even fear that the problem will lead to the end of a marriage or loss of a business. Luckily, much of this fear is completely unfounded. Bay Area Tax Attorney Steve Moskowitz explains to KGO how clients’ misconceptions…
A lot of problems arise when you face legal issues with your taxes. But the biggest problem is getting stuck in the mindset that you can’t do anything about it. Bay Area Tax Attorney Steve Moskowitz has tragically witnessed this first hand: once representing a widow whose husband committed suicide, largely because his financial and…
Bay Area Tax Attorney Steve Moskowitz informed KGO about the special tax benefits available to victims of the California wildfires. Those with homes or businesses located in the federally declared “disaster areas” can deduct their 2017 casualty losses not reimbursed by insurance at their option of either their (current year) 2017 tax return filed in…
Bay Area Tax Attorney Steve Moskowitz explained a tax mechanism implemented by the government that can benefit California wildfire victims. He explained casualty losses and involuntary conversion, how to get your tax refund faster, and other tax relief offered to victims of the fires. The IRS is currently providing relief to these affected counties: Butte,…
Could you go to prison for not filing a tax return? Yes. Not filing a tax return with the IRS is punishable by one year in prison for each year you fail to file. Bay Area Tax Attorney Steve Moskowitz explains to KGO 810 what and what not to do when facing a criminal charge…
If you haven’t filed your tax return you aren’t alone! However, you likely feel alone in the sense that you feel like you can’t tell anyone and you can’t see a way out of the snowballing problem. What if you could leave your criminal-like lifestyle behind? No more living underground, being taken advantage of with…
On this episode of Practical Tax, Congressman Jared Huffman joins us to discuss green tax initiatives and Chris Westfall joins us to discuss side husltles for businesses. (more…)
Dr Gregg Larivee gives their insight on the cost of poor health, while Les Winston discusses the business philanthropy. (more…)
