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

How Did Amazon Manage to Earn $11.2 Billion in Profits Last Year, Yet Pay $0 in Taxes?

Posted on April 2, 2019April 25, 2019 by moskowitz Posted in Business Law, Cannabis Practice Group

The New Tax Law has made it possible for Amazon to legally avoid paying any federal income tax. So how does Amazon pay no tax? Here are a few techniques that the multinational corporation used to eliminate its 2018 tax bill. President Trump’s recent attack on Amazon for being a...

How To Prepare for Your First Estate Planning Appointment

Posted on March 29, 2019April 25, 2019 by Raquel Lazar-Paley Posted in Estate Planning & Taxation

Adequate preparation for your first estate planning appointment will help ensure that your attorney prepares the best estate plan for you in the shortest period of time. Facing your own mortality is not an easy thing to do, and getting ready for your first estate planning appointment requires that you...

Paul Manafort Is Going to Jail

Posted on March 26, 2019March 28, 2019 by moskowitz Posted in Criminal Tax Law

President Trump’s former campaign chief has been sentenced to a total of seven years prison time after being found guilty of filing false tax returns, failing to file FBARs, bank fraud, and conspiracy. As noted in our August 22 blog post, Paul Manafort was convicted for failing to file an...

Tax Court Confirms No Deductions for State-Legal Cannabis Business, Part VII: Five Lessons Learned from Harborside vs. IRS

Posted on March 7, 2019March 8, 2019 by moskowitz Posted in Cannabis Practice Group

Other Posts in this Series Part I: Harborside on the Front Lines Again Part II: Harborside vs. IRS Part III: Harborside vs. IRS (The Tax Court Discusses Semantics and Shakespeare) Part IV: How Does Your Business Operate? Part V: Arguing Cost of Goods Sold Part VI: A Win for Harborside...

Tax Court Confirms No Deductions for State-Legal Cannabis Business, Part VI: A Win for Harborside – No Accuracy-Related Penalties for Marijuana Business Acting in Good Faith

Posted on March 5, 2019April 25, 2019 by moskowitz Posted in Cannabis Practice Group

Tax Court Confirms No Deductions for State-Legal Cannabis Business, Part V: Arguing Cost of Goods Sold

Posted on February 28, 2019March 8, 2019 by moskowitz Posted in Cannabis Practice Group

Other Posts in this Series Part I: Harborside on the Front Lines Again Part II: Harborside vs. IRS Part III: Harborside vs. IRS (The Tax Court Discusses Semantics and Shakespeare) Part IV: How Does Your Business Operate? Part VI: A Win for Harborside – No Accuracy-Related Penalties for Marijuana Business...

Consult Now With Your Tax Attorney If You Have Businesses or Rental Properties

Posted on February 27, 2019April 25, 2019 by moskowitz Posted in Tax Planning & Compliance

The aggregation rules are one of the best features of the new tax law (TCJA 2017). These rules allow taxpayers to combine their trades or businesses, if they meet certain requirements, and treat them as a single trade or business for purposes of the section 199A calculation. This can result...

Why You Should Amend Your Partnership and LLC Agreements Now

Posted on February 27, 2019April 25, 2019 by moskowitz Posted in Tax Planning & Compliance

Congress recently enacted significant changes to partnership audit and adjustment rules, dramatically increasing the audit rates for partnerships and will require partners to carefully review, if not revise, their partnership’s operating agreement. The new rules generally apply to partnership returns filed after 2018, and careful planning today will help mitigate...

Tax Court Confirms No Deductions for State-Legal Cannabis Business, Part IV: How Does Your Business Operate?

Posted on February 26, 2019April 25, 2019 by moskowitz Posted in Cannabis Practice Group

Other Posts in this Series Part I: Harborside on the Front Lines Again Part II: Harborside vs. IRS Part III: Harborside vs. IRS (The Tax Court Discusses Semantics and Shakespeare) Part V: Arguing Cost of Goods Sold Part VI: A Win for Harborside – No Accuracy-Related Penalties for Marijuana Business...

Tax Court Confirms No Deductions for State-Legal Cannabis Businesses, Part III: Harborside vs. IRS (The Tax Court Discusses Semantics and Shakespeare)

Posted on February 21, 2019April 25, 2019 by moskowitz Posted in Cannabis Practice Group

Other Posts in this Series Part I: Harborside on the Front Lines Again Part II: Harborside vs. IRS Part IV: How Does Your Business Operate? Part V: Arguing Cost of Goods Sold Part VI: A Win for Harborside – No Accuracy-Related Penalties for Marijuana Business Acting in Good Faith Part...

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