Using Cryptocurrency in Your Cannabis Business: Possible Solution to a Serious Banking Problem

Posted on by Moskowitz LLP Cannabis Practice Group, Cryptocurrency Tax Assistance,
Despite the increase in the number of states that have been legalizing marijuana for both medical and recreational use, many banks are still reluctant to assist marijuana growers, manufacturers, and retailers. Cannabis cryptocurrency provides a promising alternative. This past June, the House Appropriations Committee rejected a measure that would have...
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Opportunity Zones, Part IV: How to Take Advantage of the Tax Benefits of Opportunity Zone Investment

Posted on by Moskowitz LLP State & Local Taxation, Tax Planning & Compliance,
Other Posts in this Series Part I: New Opportunity To Save Taxes While Doing Good Part II: The Tax Benefits of Opportunity Zone Investment Part III: Opportunity Zone Investment Rules Steps to ensuring that you receive the tax benefits of your opportunity zone investment. In Parts I, II, and III,...
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Opportunity Zones, Part II: The Tax Benefits of Opportunity Zone Investment

Posted on by Moskowitz LLP State & Local Taxation, Tax Planning & Compliance,
Other Posts in this Series Part I: New Opportunity To Save Taxes While Doing Good Part III: Opportunity Zone Investment Rules Part IV: How to Take Advangage of the Tax Benefits of Opportunity Zone Investment The longer you hold qualified opportunity zone property, the greater the tax benefit. Opportunity Zones...
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Opportunity Zones, Part I: New Opportunity to Save Taxes While Doing Good

Posted on by Moskowitz LLP State & Local Taxation, Tax Planning & Compliance,
Other Posts in this Series Part II: The Tax Benefits of Opportunity Zone Investment Part III: Opportunity Zone Investment Rules Part IV: How to Take Advangage of the Tax Benefits of Opportunity Zone Investment The new tax law provides a tax incentive for investments in “Opportunity Zones” in order to...
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IRS Issues New Guidance on Voluntary Disclosures

Posted on by Moskowitz LLP Estate Planning & Taxation, Tax Planning & Compliance,
With the end of the Offshore Voluntary Disclosure Program (OVDP), the IRS has provided new guidance for taxpayers facing charges of tax evasion to come into compliance with their reporting requirements and avoid criminal prosecution. On November 20, 2018, the Treasury Department issued new guidance for U.S. taxpayers who have...
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Save Now While Saving for Later: Retirement Funds and Year-End Tax Planning

Posted on by Moskowitz LLP Tax Planning & Compliance, Estate Planning & Taxation,
The new tax law did not change the rules regarding retirement plan contributions and their limits. Taxpayers can still lower their taxable income by making contributions to their retirement savings plans before year-end. The Employee Benefit Research Institute’s 2018 Retirement Confidence Survey indicates that only 32% of retirees are “very...
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Tax Law and the Horse Industry: Part VII, Buying, Selling, and Trading Horses

Posted on by Moskowitz LLP Business Law, Tax Planning & Compliance,
Other Posts in this Series Part I: Impact of the New Tax Law Part II: Proving Intent to Make a Profit Part III: Incorporating Your Horse-Related Business Part IV: Proving Active Participation Part V: Taxation of Horse-Related Business Activities Under The New Tax Law Part VI: Deducting Horse-Related Business Expenses...
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Tax Law and the Horse Industry: Part V, Taxation of Horse-Related Business Activities Under The New Tax Law

Posted on by Moskowitz LLP Tax Planning & Compliance, Business Law,
Other Posts in this Series Part I: Impact of the New Tax Law Part II: Proving Intent to Make a Profit Part III: Incorporating Your Horse-Related Business Part IV: Proving Active Participation Part VI: Deducting Horse-Related Business Expenses Part VII: Buying, Selling, and Trading Horses Part VIII: At the Racetrack...
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