The Tax Lawyer Blog: Topical thinking from the lawyers at Moskowitz, LLP

Build Wealth, Preserve Legacy: Real Estate Tax Strategies with the Tax Law Firm of Moskowitz LLP

Posted on May 30, 2025May 30, 2025 by Moskowitz LLP Financial Planning & Wealth Management, State & Local Taxation, Tax Planning & Compliance,

Real estate has long been one of the most powerful vehicles for building wealth, creating generational legacies, and reducing tax exposure—when done strategically. At Moskowitz LLP, we represent real estate owners, investors, buyers, and sellers with the purpose of legally reducing their tax burdens while enjoying the long-term value of...

Unlock the Many Business and Tax Benefits of Boat Ownership with the Tax Law Firm of Moskowitz LLP

Posted on May 29, 2025May 29, 2025 by Moskowitz LLP State & Local Taxation, Tax Planning & Compliance, Tax Services,

At Moskowitz LLP, we believe in helping clients make the most of their lifestyle investments—and few investments are as rewarding or versatile as owning a boat. Whether you’re considering purchasing a yacht for charter purposes or simply dreaming of a second home on the water, the tax code offers powerful...

Pass Through Entity Tax Payments are Due June 15 for Tax Year 2022

Posted on May 2, 2022May 5, 2022 by Moskowitz LLP State & Local Taxation,

The pass-through entity tax allows certain California pass-through entities to pay state income tax at the entity level. In return, qualified taxpayers can get a nonrefundable tax credit for their share of state tax paid at the entity level, thus reducing their individual income tax liability. It is important to...

SALT Workaround Enacted!

Posted on February 21, 2022March 15, 2022 by Moskowitz LLP Tax Planning & Compliance, State & Local Taxation,

California just enacted Senate Bill 113 (SB 113), which made California’s new passthrough entity elective tax much more attractive for certain owners of S corporations, partnerships, and LLCs taxed as a partnership or S corporation. Many of the limitations and drawbacks to paying this tax were just recently removed by...

Preparing for a California Residency Audit

Posted on November 3, 2021December 6, 2021 by Moskowitz LLP Tax: Audits, Litigation & Collection, State & Local Taxation,

California taxing authorities aggressively pursue state revenue through taxation, and devote a significant amount of their resources to residency audits and litigation. Gilbert Hyatt made history and $90 million when he invented the integrated circuit microprocessor (the computer microchip). Little did he know at the time that he would also...

California News AB150

Posted on October 19, 2021November 9, 2021 by Moskowitz LLP State & Local Taxation, Tax Planning & Compliance,

AB150 CREATES WORKAROUND FOR CURRENT $10,000 LIMITATION ON DEDUCTION FOR STATE AND LOCAL TAXES PAID Governor Newsom signed California Assembly Bill 150 (AB150) into law on July 16, 2021, which created a workaround for the current $10,000 limitation on the deduction for state and local taxes paid for individuals established...

Which Tax Professional Should I Hire?

Posted on July 28, 2021August 11, 2021 by Moskowitz LLP Tax: Audits, Litigation & Collection, State & Local Taxation,

How do you what type of tax professional is right for you? When it comes to hiring a tax professional it may be difficult to understand who to choose. IRS circular 230 sets forth the rules as to who can represent a taxpayer. Attorneys, CPAs, and Enrolled Agents (EA) are...

California Wildfires Tax Relief: 4 Tax Tips to Keep in Mind if You Are a Victim

Posted on July 8, 2021 by Moskowitz LLP State & Local Taxation,

When a natural disaster hits, surviving is the priority. However, eventually, natural disaster victims will also have to worry about insurance claims, lost wages and other financial matters, including taxes. When it comes to taxes, there is some relief available for those left with property damage and lost records due...

Can I Deduct Summer Travel Expenses From My Taxes?

Posted on June 29, 2021July 12, 2021 by Moskowitz LLP State & Local Taxation,

Come tax season, it seems that Uncle Sam is always looking for new ways to dip his hand into your pocket. But that doesn’t mean you can’t make the most from your return. Business expenses are one example. The IRS permits filers to deduct “ordinary and necessary expenses” incurred during...

What Are Common Tax Issues For Multi-State Businesses?

Posted on February 9, 2021September 7, 2021 by Moskowitz LLP State & Local Taxation,

Recent advances in technology and logistics have allowed more businesses to reach and serve customers both nationally and internationally. But with expansion comes additional responsibilities, and with once-local companies now serving multiple states, it’s important to have a practical framework for tax compliance in place to avoid potential fines and...

California’s “Exit Tax” Explained

Posted on November 24, 2020December 6, 2021 by Moskowitz LLP State & Local Taxation, Tax Planning & Compliance,

California is in the midst of a significant overhaul of its tax code, and there’s one bill in particular that has lots of people talking. Assembly Bill 2088 (AB 2088), which was introduced in Sacramento in August of 2020, would impose the state’s first wealth tax. And more controversially, it...

End-Of-Year Tax Planning Strategies for Individuals, Families and Businesses

Posted on October 23, 2020November 10, 2020 by Moskowitz LLP State & Local Taxation, Tax Planning & Compliance,

October isn’t traditionally the time most of us think about our taxes. But a little planning and forethought now can help to reduce your tax burden next April. Here are a few handy tips for individuals, families and businesses to help you stay a step ahead on your taxes—and save...

July 15 Tax Deadlines: Deadlines to File, Deadlines to Pay

Posted on July 7, 2020October 27, 2020 by Moskowitz LLP Distressed Business/COVID-19, Estate Planning & Taxation, State & Local Taxation, Tax Planning & Compliance, Tax Services,

Tax Returns and Tax Payments are Due on or Before July 15, 2020. So, with July 15th fast approaching, it is important to understand that the day is more than just the deadline for filing your 2019 tax return. It is also the deadline for payment of your 2019 taxes,...

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