BOOSTING SALES AND USE TAX REVENUE FOR CALIFORNIA

Posted on November 8, 2010June 11, 2018 by moskowitz State & Local Taxation, Business Law,

Recent downturns in the economy and consumer spending have caused a decrease in the number of Sales and Use Tax collected by the California Board of Equalization (BOE). According to the most recently published annual report on the BOE’s website, the total Sales and Use Tax revenues for the 2007-2008...

Summary of November 2nd 2010 propositions, voted on by Californians

Posted on November 4, 2010June 11, 2018 by moskowitz State & Local Taxation,

California voters on November 2 opted to allow state lawmakers to pass a budget with a simple majority while imposing harsh penalties for failing to pass one by the deadline and putting more revenue sources out of reach. According to results as of November 3, Proposition 25 was approved 54.9...

FOREIGN BANK ACCOUNTS AND THE VOLUNTARY DISCLOSURE

Posted on November 3, 2010June 11, 2018 by moskowitz International Taxation, Criminal Tax Law,

Introduction For many years a large number of U.S. taxpayers have placed and may continue to place, money in foreign bank accounts. Many of these individuals, knowingly or unknowingly, violate federal law by not disclosing these foreign accounts on their federal income tax returns. In an effort to step-up enforcement...

Freeze & Seize Law – California

Posted on October 22, 2010June 11, 2018 by moskowitz State & Local Taxation, Criminal Tax Law,

Senior Partner, Law Offices of Stephen Moskowitz, LLP California Penal Code Section 186.11 is known as the 'Freeze and Seize Law.' This law allows a court to preserve a criminal defendant's assets in order to pay restitution to victims and any fines imposed for their misdeeds. Any money in bank...

Bush-Era Tax Cuts Expiring Soon

Posted on October 6, 2010June 11, 2018 by moskowitz 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...

Partnering For Profit

Posted on September 1, 2010June 11, 2018 by moskowitz Real Estate Law, Business Law,

SPECIAL 3-HOUR EVENT September 24 & 25 from 5:00-6:30 p.m. Pacific Time Register Now Experts Teach How Partnering Could Be A Solution To Your Biggest Problem What's your biggest challenge as a real estate investor? Can you afford to keep your current properties? Do you want to take advantage of...

Abusive trust schemes that the Internal Revenue Service Targets

Posted on June 6, 2010June 11, 2018 by moskowitz 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...

SWISS GOVERNMENT APPROVES UBS-U.S. TAX DEAL

Posted on June 1, 2010June 11, 2018 by moskowitz International Taxation, Criminal Tax Law,

Both house of the Swiss parliament have finally approved a tax treaty with the United States. The change in Swiss law means that Switzerland’s biggest bank, United Bank of Switzerland (UBS) will hand over to the United States Department of Justice the details of nearly 4,500 of their U.S. clients....

Before You Walk Away

Posted on June 1, 2010June 11, 2018 by moskowitz Real Estate Law, State & Local Taxation,

Steve will be taking part in an Educational Seminar designed for California Homeowners struggling with their mortgages. Please find the below information. What Every California Homeowner Must Know About Strategic Defaults Dates: Thursday, June 10, Noon (CA time)-1:00 p.m. Friday, June 11, Noon (CA time)-1:00 p.m. Monday, June 14, Noon...

Utilizing Losses from your Stock Portfolio

Posted on March 13, 2010June 11, 2018 by moskowitz 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 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...

What Everyone Should Know About Estate Planning

Posted on February 10, 2010June 11, 2018 by moskowitz Estate Planning & Taxation,

Many people think of estate planning as something only needed by a few wealthy individuals. As such, a good number of people simply believe they do not need an estate plan. This could be a costly mistake that may be passed on to the family members and loved ones of...

US Tax Consequences to Foreign Investors

Posted on January 2, 2010June 11, 2018 by moskowitz 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...

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