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

Bush-Era Tax Cuts Expiring Soon

Posted on October 6, 2010June 11, 2018 by Moskowitz LLP Tax Planning & Compliance,

Senior Partner of the Law Offices of Stephen Moskowitz, LLP The Bush Tax cuts will expire if Congress does not act by the end of this year. Their expiration would have an across-the-board impact that would be felt by many Americans. Perhaps the best way to prepare for the impact...

Abusive trust schemes that the Internal Revenue Service Targets

Posted on June 6, 2010June 11, 2018 by Moskowitz LLP Tax Planning & Compliance, Criminal Tax Law,

Over the past decade, numerous individuals claiming to be knowledgeable tax advisors have promoted trust tax schemes. The promoters of these trust schemes often charge unsuspecting taxpayers $5,000 to $100,000 to establish intricate trust plans. Most of these promoters fully understand that they are marketing an illegal enterprise. However, in...

Utilizing Losses from your Stock Portfolio

Posted on March 13, 2010June 11, 2018 by Moskowitz LLP Tax Planning & Compliance,

Currently, the Internal Revenue Service taxes gains on stock investments held for one year or less at short-term capital gains rates. These gains are taxed at ordinary income tax rates. However, for investments held more than one year, the gains on stocks are taxed at long-term capital gains rates. Currently,...

American Recovery and Reinvestment Act of 2009

Posted on March 6, 2010June 11, 2018 by Moskowitz LLP Tax Planning & Compliance,

What you can do right now for your bottom line. The Stimulus Bill, a.k.a., The American Recovery and Reinvestment Act of 2009 provides for many practical and valuable tax incentives which will really benefit individuals and businesses. Everyone should consult with a tax advisor, as this is not “a walk...

US Tax Consequences to Foreign Investors

Posted on January 2, 2010June 11, 2018 by Moskowitz LLP Tax Planning & Compliance, International Taxation,

During the past few decades the United States has received a massive influx of foreign investment from abroad. Much of these international investors are unaware of the domestic tax consequences of investing in the United States. Foreign investors may be subject to US domestic taxation simply by investing or traveling...

The Nuts And Bolts Of A 1031 Exchange

Posted on January 2, 2010December 19, 2018 by Moskowitz LLP Real Estate Law, Tax Planning & Compliance,

If done properly, individuals should never pay income taxes on the sale of a property if they intend to reinvest the proceeds of a sale of property in a similar or like-kind property. The advantage of a like-kind or Section 1031 Exchange is the ability of a taxpayer to sell...

It’s not too late to lower your taxes for 2009

Posted on October 6, 2009June 11, 2018 by Moskowitz LLP Tax Planning & Compliance, Business Law,

What are you doing to lower your tax bill? Now is the time to take advantage of the remainder of 2009 to make changes that can lower your tax bill now and looking towards the future to make 2010 your year be proactive with the tax code. Please contact our...

New California Use Tax Collection Strategy

Posted on October 2, 2009June 12, 2018 by Moskowitz LLP Business Law, State & Local Taxation, Tax Planning & Compliance,

In a September 8, 2009 press release, the California State Board of Equalization announced its new use tax registration requirements in an effort to identify taxpayers that have been failing to pay use tax to the State. This effort is anticipated to bring in $183 million of previously uncollected use...

How do you make a great deal better? TAXES.

Posted on March 1, 2009June 12, 2018 by Moskowitz LLP Tax Planning & Compliance, Business Law,

Date Published: Mar 2009 San Francisco Business Times What is a great deal? It reminds me of the old legal maxim “You can name your price if I can name the terms.” Most people focus on “how much do I have to pay” or “how much do I receive.” Negotiating...

TAX BENEFITS: UTILIZING A LIMITED LIABILITY COMPANY IN A REAL ESTATE VENTURE.

Posted on February 6, 2009June 12, 2018 by Moskowitz LLP Real Estate Law, Business Law, Tax Planning & Compliance,

Date Published: Feb 09 San Francisco Business Times A limited liability company (LLC) combines certain advantages of corporations and partnerships. Like a corporation, an LLC and its members may enjoy asset protection benefits and personal liability protection from its creditors. For taxation purposes, the IRS classifies an LLC as a...

Do I Need to Worry About Gift Taxes?

Posted on January 1, 2009June 11, 2018 by Moskowitz LLP Estate Planning & Taxation, Tax Planning & Compliance,

Date Published Feb 2009 San Francisco Business Times In the countdown to April 15, many people rushing to prepare their individual income tax returns will overlook another important tax return that is due the same day. They will overlook the filing of a Form 709 which must be filed with...

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