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

What Everyone Should Know About Estate Planning

Posted on February 10, 2010June 11, 2018 by Moskowitz LLP 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 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...

Offshore Bank Account Holders Missed IRS Offer That Expired October 15, 2009! NOW WHAT?

Posted on October 15, 2009January 26, 2021 by Moskowitz LLP Criminal Tax Law, International Taxation,

This blog is outdated, but our tax law firm is still helping taxpayers who have not reported their foreign income to avoid civil and criminal penalties. Learn more about our FBAR and foreign account reporting services or simply contact our California offices today. The IRS has steep penalties and even...

Will your Name be Dragged through the Public because of Your Tax Case

Posted on October 12, 2009June 11, 2018 by Moskowitz LLP Tax: Audits, Litigation & Collection,

As an attorney, I am extremely conscientious of client secrets and confidentiality. Rest assured that one of the benefits of hiring an attorney, is that attorney-client privilege protects you and your tax case from a number of potential issues. However, more and more we are seeing government agencies expose the...

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...

October 15, 2009 Deadline for Voluntary Disclosure

Posted on October 2, 2009June 11, 2018 by Moskowitz LLP International Taxation, Criminal Tax Law,

United States citizens who have an interest in, or signature or other authority over, a financial account in a foreign country with assets in excess of $10,000 are required to disclose the existence of such account on Schedule B, Part III of their individual income tax return. Additionally, U.S. citizens...

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...

IS THERE SOME TAX RELIEF AVAILABLE FOR THE VICTIMS OF BERNARD MADOFF?

Posted on January 6, 2009June 11, 2018 by Moskowitz LLP Criminal Tax Law, Business Law,

Date Published: Jan 2009 San Francisco Business Times Recently, it was discovered that Bernard Madoff was operating a Ponzi scheme that victimized numerous high profile investors. A Ponzi scheme is a fraudulent investment operation that pays returns from money received by subsequent investors rather than from any profits or earnings...

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...

How to deduct unlimited real estate losses against other income while avoiding the pitfalls of tax laws.

Posted on December 1, 2008June 6, 2022 by Moskowitz LLP Real Estate Law, Tax: Audits, Litigation & Collection,

Much of this post was originally posted in the San Francisco Business Times in December 2008 Qualifying and claiming the Real Estate Professional Tax Status allows passive losses to be deductible against ordinary income on tax returns without limits, dramatically lowering tax bills. Moskowitz LLP is a one-stop shop for...

Tax Lawyer Blog

It starts with a conversation. Tell us about your needs.

It starts with a conversation.
Tell us about your needs.