Welcome to TaxView with Chris Moss CPA Are you the adventuresome family that wants to make a lot of money and pay no tax? No this isn’t a scam or bogus advertisement, but a realistic assessment of US tax law focused on relocating your business to the Virgin Islands; Specifically the US Virgin Islands, (the …
February 2015 archive
Feb 07
Are Damage Awards Taxable?
Welcome to TaxView with Chris Moss CPA For anyone who has tasted a victory in litigation and eventually receives a cash settlement there is one bitter fact: Your entire damage award is probably taxable, even the one-third portion that went to pay your attorney. To add insult to injury, attorney fees are not a guaranteed …
Feb 01
1031 Exchange-Sale or Investment
Welcome to TaxView with Chris Moss CPA. Are you receiving tax free deferrals from 1031 exchanges? If your 1031 exchange gets audited by the Government the first question the IRS auditor will most likely ask you is–Do you hold your real estate for sale or do you hold your real estate for investment? How you …