Tax Lawyer Blog

A Blog written by the Tax Attorneys for Individuals and Businesses

New California Use Tax Collection Strategy

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 tax.

This use tax, required by law since 1935, is the same rate for any California location as the sales tax rate. California use tax is generally owed when individuals or businesses use, consume, give away, or store tangible personal property (i.e., products you can see, weigh, feel or touch, such as clothing, books, computers, DVDs, etc) in California that you purchased from an out of state vendor, where said vendor did not collect the California tax.

Businesses with gross receipts of $100,000 or more per year are now required to register and report and pay use tax. Use tax returns are required to be filed by April 15 of each year, reporting all purchases subject to use tax from the previous calendar year. The BOE has identified nearly 200,000 businesses that are required to register.

Our office expects that the State will also use the registration requirements as part of an effort to collect use tax from prior years. We are already seeing the state audit the past three to eight years or more to extract this tax from prior purchases. If you believe you may be subject to the reporting requirements and/or have not paid use tax according to the law, please contact our office immediately.

Unreported Foreign Bank Account Holders! OCTOBER 15, 2009 - LAST CHANCE FOR IRS OFFER

Tax Attorney Steve Moskowitz is representing people who have not reported their foreign bank accounts or income.

San Francisco, CA – The IRS is serious about prosecuting foreign bank account holders, and anyone who has foreign income or foreign accounts they have not reported. The law has been around for years, but is now being aggressively enforced by the IRS. Since the IRS cracked UBS, the IRS is on a crusade to eliminate unreported income and bank accounts or any unreported other off shore account over $10,000.

Most people are afraid of the IRS and do not know where to turn. Tax Attorney Stephen Moskowitz, is representing account holders in taking advantage of the IRS offer that expires October 15, 2009. The Law Offices of Stephen Moskowitz, LLP is currently representing people with foreign bank accounts whether they reside in California or anywhere else in the world.

Many account holders did not realize they had to report their accounts, some have inherited them, others had spouses with foreign accounts, and whatever the situation getting good legal tax representation with the October 15, 2009 deadline could be critical. The Law Offices of Stephen Moskowitz, LLP is taking cases through the end of the business day of October 15, 2009.

he Law Offices of Stephen Moskowitz, LLP is a tax law firm representing individuals and businesses with any type of tax situation such as IRS and state audits, civil and criminal , payroll and sales tax returns, tax planning, and preparation of current and delinquent tax returns. Practicing with over 30 years of tax experience, Steve and his law firm have represented thousands of businesses and individuals with sensitive and complex cases. Headquartered in the Financial District of San Francisco, the Law Offices of Stephen Moskowitz, LLP represents clients with national and international cases.

For more information or if you have questions please use our contact form.