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

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...

Now Since Switzerland has Lost its Status as a Secrete Tax Haven, Should the Holders of Secret Swiss Offshore Accounts Rush to Confess to the IRS?

On June 30, a federal court in Fort Lauderdale authorized the IRS to serve a civil summons on the Swiss banking giant UBS, demanding the names of approximately 19,000 U.S. clients who apparently hold offshore bank accounts. UBS has yet to comply with the court order. However, the banking giant...

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

Date Published: Dec 08 San Francisco Business Times The Law Offices of Stephen Moskowitz, LLP has seen a major increase in audits and one of the common red flags we are seeing are taxpayers deducting real estate losses against ordinary income. The Internal Revenue Code places constraints on netting real...