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

Watch Our Webinar on Profit Optimization Through Tax Services

Posted on December 3, 2021January 28, 2022 by moskowitz Webinar, Tax Services,

Increase Profit and Make Better Business Decisions through your Tax Services Watch Recorded Webinar The global focus on tax and its pervasive impact on businesses, brings to light the key questions business owners, CEOs, CFOs, and managing partners should be asking, "Do we have the right information to properly manage...

Can I Have Cryptocurrency in My Ira?

Posted on November 17, 2021January 12, 2022 by moskowitz Cryptocurrency Tax Assistance,

If you’re like most of us, building financial security for retirement is important to you. You may already have an individual retirement account (IRA) through your job, which you can grow by adding funds over time. But there are alternatives to the traditional IRA that promise even greater returns on...

Glossary of Common Cryptocurrency Terms

Posted on November 9, 2021November 17, 2021 by moskowitz Cryptocurrency Tax Assistance,

Overview Investing in cryptocurrencies has increased dramatically over the past decade as investors seek better and more rapid returns. If this is your first foray into the world of crypto, however, you may find some of the terminology confusing. To help demystify at least some of these terms, we’ve created...

Preparing for a California Residency Audit

Posted on November 3, 2021December 6, 2021 by moskowitz Tax: Audits, Litigation & Collection, State & Local Taxation,

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...

Tax Planning for Cryptocurrency Miners and Stakers

Posted on October 26, 2021November 9, 2021 by moskowitz Cryptocurrency Tax Assistance,

In the last 20 years, cryptocurrency has opened an exciting new world of investment opportunities. Popular currencies like Bitcoin, Litecoin, and Zcash have sparked interest with promises of high earnings and rapid returns on investment. In all the excitement, it’s easy to forget that whether you run or stake a...

California News Ab150

Posted on October 19, 2021November 9, 2021 by moskowitz State & Local Taxation, Tax Planning & Compliance,

AB150 CREATES WORKAROUND FOR CURRENT $10,000 LIMITATION ON DEDUCTION FOR STATE AND LOCAL TAXES PAID Governor Newsom signed California Assembly Bill 150 (AB150) into law on July 16, 2021, which created a workaround for the current $10,000 limitation on the deduction for state and local taxes paid for individuals established...

Watch Our Webinar on Year End Tax Planning

Posted on October 13, 2021December 9, 2021 by moskowitz Tax Planning & Compliance, Webinar,

Learn about proactive, year end tax planning from our tax professionals. Watch Recorded Webinar Many businesses and investors underestimate how much money can be saved through year-end tax planning from Moskowitz. This webinar focuses on the benefits of year-end tax planning. Tax planning is especially helpful for: Business owners Real...

Record Keeping for Businesses

Posted on October 12, 2021October 20, 2021 by moskowitz Tax Services, Tax Planning & Compliance,

What records should your business keep, and how long should you keep them? There are several categories to consider when record keeping for businesses, some for internal purposes and some for tax returns and other government requirements. Let's take a look at these by category. Tax records. First, consider the...

Do You Have a Shoebox Full of Receipts? Failed to Implement Quickbooks?

Posted on October 5, 2021October 12, 2021 by moskowitz Tax Services,

Get rid of the shoebox! Why people get into tax trouble. After over 30 years of tax law practice, Moskowitz LLP knows why people get into tax trouble. The most common reason:Books and Records are a Mess. This is the number one reason people get into tax trouble. Every person...

Webinar on the Employee Retention Credit

Posted on September 29, 2021October 21, 2021 by moskowitz Webinar, Tax Planning & Compliance,

Learn How to Qualify & Maximize Your Tax Credits from the ERC Watch Recorded Webinar Understanding how the Employee Retention Credit relates to other wage-based tax credits offered by the federal government can be confusing and impact other tax reporting. Without proper guidance, incorrectly claiming the credit can result in...

Account Reconciliation: What What to Do If Your Tax Records Are a Mess

Posted on September 28, 2021October 21, 2021 by moskowitz Tax Planning & Compliance, Tax Services,

Whether you’re an individual taxpayer, a head of household, or a business owner, keeping accurate tax records is essential. But if you’re like many people, perhaps you’ve let papers pile up, and even the thought of straightening things out fills you with anxiety. Take a breath. Getting back on track...

September Small Business News Updates

Posted on September 21, 2021October 5, 2021 by moskowitz Business Law,

September Small Business News Updates Small Business News Updates Small Business News Updates If you are a small business owner, it is in your best interest to stay up-to-date with changes in both local and federal regulation as well as market trends. Here are some recent news items to help...

2021 Tax Deadlines and End-of-year Planning

Posted on September 14, 2021September 28, 2021 by moskowitz Tax Planning & Compliance,

Staying on top of the year’s important tax deadlines can be difficult, but timely filing can save you a fortune in penalties, interest, and stress. Also, due to the Coronavirus pandemic, many traditional filing deadlines have been extended by the IRS to give taxpayers more time to complete their returns....

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