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

An FAQ for Surviving the Financial and Tax Implications of COVID -19

Posted on March 30, 2020April 8, 2020 by Moskowitz LLP Distressed Business/COVID-19, Estate Planning & Taxation, State & Local Taxation, Tax Planning & Compliance, Tax Services, Tax: Audits, Litigation & Collection,

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

Posted on March 25, 2020April 19, 2021 by Moskowitz LLP Tax Planning & Compliance, State & Local Taxation, Tax Services,

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...

Estate Planning Benefits of Conservation Easements

Posted on March 13, 2020February 28, 2020 by Moskowitz LLP Estate Planning & Taxation, Real Estate Law, Tax Planning & Compliance,

Previous Posts in this Series Conservation Easements Income Tax Benefits of Donating Conservation Easements Sales and Like Kind Exchanges of Conservation Easements One of the biggest advantages of donating a conservation easement is that it can significantly reduce your estate tax burden and keep land in the family. Reducing estate...

Sales and Like Kind Exchanges of Conservation Easements

Posted on February 28, 2020March 26, 2020 by Moskowitz LLP Real Estate Law, Tax Planning & Compliance,

Previous Posts in this Series Conservation Easements Income Tax Benefits of Donating Conservation Easements In our previous posts on conservation easements, we discussed how a real property owner can donate a conservation easement to their land and retain rights to the rest of their property, all while reducing their tax...

Income Tax Benefits of Donating Conservation Easements

Posted on February 13, 2020April 19, 2021 by Moskowitz LLP Tax Planning & Compliance, Real Estate Law,

Previous Posts in this Series Conservation Easements An owner of a significant piece of land or a building can give up one or more of their rights in that property for conservation purposes, while still retaining the rest of their rights. Giving up a right in property (land or buildings)...

Conservation Easements

Posted on January 30, 2020January 24, 2020 by Moskowitz LLP Real Estate Law, Tax Planning & Compliance,

The protagonist of the film The Descendants is the trustee of a family trust that since the 1860s has owned a 25,000-acre parcel of pristine Hawai’ian land on Kauai Island. The land is the last remaining asset of a family legacy, the proceeds of which have been distributed – and...

International Information Returns

Posted on January 16, 2020February 28, 2020 by Moskowitz LLP International Taxation, Tax Planning & Compliance,

There are extraordinarily high tax penalties for the late filing of certain international information returns. If you have assets overseas, you most likely have at least one international information return reporting requirement. Don’t ignore these filings or you could lose a large portion of your investment to tax penalties. Do...

International Issues in Estate Planning: One Will or Two?

Posted on January 10, 2020November 25, 2020 by Moskowitz LLP Estate Planning & Taxation, International Taxation,

You may need to have a separate will for each country in which you have assets. Individuals and couples with assets in more than one country need to ensure that their estate planning documents are valid in all the jurisdictions in which they have property. Although in some instances this...

California’s Marijuana Regulatory Framework

Posted on December 5, 2019November 25, 2020 by Moskowitz LLP Cannabis Practice Group,

The California Cannabis Industry is strictly regulated by numerous governmental agencies. In November of 2016, 56% of California voters chose to legalize recreational marijuana in the state. Proposition 64, the Adult Use of Marijuana Act (AUMA), has permitted adults to grow, sell and smoke the drug without a medical reason...

For a Limited Time Only, Moskowitz is Offering Year-End Tax Planning Services

Posted on November 26, 2019December 15, 2020 by Moskowitz LLP Estate Planning & Taxation, International Taxation, State & Local Taxation, Tax Planning & Compliance, Tax 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...

Estate Planning for the Non-Citizen Spouse

Posted on November 21, 2019October 13, 2020 by Moskowitz LLP Estate Planning & Taxation,

If you have a large estate and either you or your spouse is not a U.S.citizen, you should consider setting up a Qualified Domestic Trust (QDOT). If you and your spouse are both U.S. citizens, it is unlikely that you will be faced with an estate tax bill. You have...

Preparing for a California Residency Audit (archived)

Posted on November 7, 2019December 6, 2021 by Moskowitz LLP State & Local Taxation, Tax: Audits, Litigation & Collection,

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...

What Is California Source Income?

Posted on October 24, 2019January 8, 2020 by Moskowitz LLP State & Local Taxation,

California nonresidents are subject to California state income tax on their California-source income. The State of California taxes its residents on all of their income, including income acquired from sources outside the state. Nonresidents are also subject to California income tax, but only on their California-source income. The California Franchise...

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