Tax Lawyer Blog

Since taking office in January, President Joe Biden has pushed for greater oversight of tax preparers at the federal level. The American Family Plan initiative takes aim at unscrupulous or unqualified preparers and would give the Internal Revenue Service (IRS) greater powers to regulate preparers nationwide. Why is this effort...

Now is the time for a Mid-Year Tax Check Up and Tax Plan Throughout the pandemic, Moskowitz LLP has had the opportunity to exhibit their skill-set in a multitude of ways this past year: guiding clients through the Paycheck Protection Program and Employee Retention Credits, drafting business succession plans, executing...

It’s hard to believe a little over a year ago the COVID 19 pandemic hit everyone. As things slowly turn back to normal, you need to be ready for the normalizing of the tax rules and adjusting to new ones. Here is how you can be prepared. Covid Tax Relief...

Upcoming dates May 9 Mother's Day May 17 Individual income tax returns for 2020 are due May 31 Memorial Day When Are Tax Returns Due for Individuals? Tax day for individual tax returns (i.e., Form 1040) is Monday, May 17, 2021. This is the tax deadline to file your federal...

The advent of the COVID-19 pandemic has resulted in some dramatic changes to the world’s workforce. One of the most profound effects has been the shift from an on-site to a work-from-home economy. One result of this shift is an increase in the number of workers operating as independent contractors....

We all know that regular vehicle maintenance is one of the best ways to protect our investment in our cars; performing a tune-up will extend the life of your vehicle. But what about an annual checkup of your tax liabilities? Something more than merely plugging in the numbers on your...

If you own or operate a small business, you know it takes hard work and attention to detail to make your company successful. But, typically, how much do small businesses pay in taxes each year? And how can you best plan ahead so you’re not caught off guard by a...

With 2021 well underway, tax day is quickly approaching. Tax time can be stressful and confusing, but it doesn’t have to be. Here are some quick facts and key dates to keep in mind so you can make informed decisions about filing your return and avoid missing the tax filing...

This year you may have received Notice 1444 because you received an economic impact payment (EIP), commonly known as a “stimulus payment". Notice 1444 is sent to each stimulus recipient within 15 days of the IRS issuing payment. The notice includes the following: The amount of the payment; An IRS...

With tax time rapidly approaching, you’re probably already starting to organize your tax documents from last year. And if you’re like most of us, tax time can be stressful. But for some businesses—including Amazon, General Motors, and Chevron—preparing a return doesn’t necessarily mean owing (or paying) income taxes. Last year,...

Is Your Pension Plan Fully Funded? Plan Your 2021 Retirement Contributions Did you know that there are over twenty-four (24) types of pension plans? Part one of this post will discuss the 2021funding contributions for the most common plans: SIMPLE IRA, 401Ks, and IRAs. Part two of this post will...

Few challenges can seem more daunting than trying to make sense of your tax obligations. But understanding IRS filing deadlines can help you or your business stay on track while avoiding potentially costly fees and penalties. With 2020 coming to a close and the new year quickly approaching, this is...

It’s every taxpayer’s nightmare—receiving a tax audit notice from the IRS. If you’re among the less than 1% of filers who receive a tax audit letter each year, don’t panic. An audit notice doesn’t mean you’re being accused of a crime or that you owe additional tax. There are many...