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

I Missed the Tax Filing Deadline – Now What?

Posted on December 17, 2020January 5, 2021 by Moskowitz LLP Estate Planning & Taxation, Tax Planning & Compliance,

This year has been incredibly uncertain in many personal and financial aspects, and many people missed the tax filing deadline and payments. The most important thing to do is to have your tax return(s) prepared and filed as soon as possible. This is because not only is it unlawful not...

Amend or Not to Amend Your Tax Return?

Posted on December 8, 2020December 17, 2020 by Moskowitz LLP Tax Planning & Compliance, Tax Services,

Is it always a good idea to amend your tax return if you find an error? There's usually an element of relief after your annual tax return has been filed. But what do you do if you find an error on your tax return? Should you always file an amended...

Please Join Us for a Free Retirement Planning Webinar

Posted on December 2, 2020December 17, 2020 by Moskowitz LLP Webinar, Tax Planning & Compliance, Tax Services,

We’re writing to invite you to a free Zoom webinar about pension and benefit planning for business owners. Steve Moskowitz and Stephen Dobrow will discuss the tax incentives of the 24 available retirement plans, new legislation governing those plans, and creative reward programs. Stick around for a Q&A session after...

6 End of Year Tax Accounting & Planning Considerations for Businesses

Posted on November 30, 2020August 26, 2022 by Moskowitz LLP Tax Planning & Compliance,

Businesses have unique opportunities to lower tax burdens for themselves and their owners/shareholders. The end of the calendar year is the perfect time to look forward and to make plans to meet your business goals. 6 End of Year Tax Planning Considerations for Businesses: Did You Place Qualified Improvement Property...

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...

November 2017 Tax Planning News From Moskowitz LLP

Posted on November 17, 2020August 26, 2022 by Moskowitz LLP Tax Planning & Compliance,

Section 1: Tax Planning Section 2: PPP Loans for $50,000 or less Section 3: Donating Stock to Charities Section 4: Retirement Savings for Small Business Owners Tax Planning ‘Failing to Plan is Planning to Fail’ ~ Benjamin Franklin Franklin also wrote that “nothing is certain but death and taxes.” He...

Common Types of Business Structures: Why They Matter

Posted on November 17, 2020November 24, 2020 by Moskowitz LLP Business Law, Tax Planning & Compliance,

If you’re considering purchasing an existing business or starting a new one from scratch, you’re going to need to consider what form of structure your business will take. There are several different types of business entities commonly used in the U.S., and each has its specific applications and advantages. The...

End of Year Tax Planning 101 – It Pays to be Prepared

Posted on November 10, 2020September 23, 2022 by Moskowitz LLP Tax Planning & Compliance,

Although everyone’s financial and life situation is unique, the following are examples of tax opportunities and strategies that may be helpful to lower your overall tax burden. Individual taxpayers, please consider: No. 1 Tip: Have You Prepaid Enough Tax for 2020? One of the reasons for doing year-end tax planning...

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,...

Video: Moskowitz LLP Will Help You By Working With The IRS For Covid-19 Tax Collection

Posted on June 4, 2020January 15, 2021 by Moskowitz LLP Distressed Business/COVID-19, Estate Planning & Taxation, Tax Planning & Compliance, Tax Services,

The IRS just announced it is returning to aggressively collecting taxes. Moskowitz LLP will go to the government, federal and state, to work out a deal so you can support your family, and run or restart your business. If you are a distressed business, they will negotiate with your creditors...

Video: Moskowitz LLP Can Help With Your Tax Relief Programs During the Coronavirus Pandemic

Posted on May 19, 2020January 15, 2021 by Moskowitz LLP Distressed Business/COVID-19, State & Local Taxation, Tax Planning & Compliance, Tax Services,

Challenging times can force your business or personal tax situation into peril. If you're facing tax issues in your business or personal life, the lawyers at Moskowitz LLP are here to help you. Whether you're seeking to take advantage of current COVID-19 related tax relief programs, can't pay your taxes,...

Timely Advice on Taxes and Estate Planning During this Challenging Era

Posted on May 5, 2020January 15, 2021 by Moskowitz LLP Distressed Business/COVID-19, Tax Planning & Compliance,

COVID-19 caught most people and businesses off-guard and unprepared. This newsletter provides you with some additional resources as well as timely information regarding Estate Planning Opportunities and Tax Matters. We are hearing from most businesses and individuals that cash flow has dried up. Interestingly, so far there do not appear...

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