CPA (SC DC VA CA); ATTORNEY (DC VA); BA, MS Accounting, JD (Georgetown University) Leukemia Ball Founder...Member American Institute of CPAs, Virginia State Bar, Spousal Lifetime Access Trusts Domestic Asset Protection Trusts SLATS DAPTS Family LLC Holding, Estate Plan American Bar Association, South Carolina Association of CPAs, District of Columbia Bar, United States TAX COURT;.United States SUPREME COURT; IRS Appeals United States Court of Appeals for the 4th Circuit, US Tax Court Appeals, Virginia Supreme Court,.IRS Audit Representation; Entertainment law Tax Planning and Strategy, MDDC Medical Multi-discipline practice tax structure, Bullet Proof Tax Preparation, International and off shore Tax Law, Divorce Tax Law Forensic Analysis, Real Estate tax law including tax strategy for Real Estate Professionals, Annual personal Income Tax Tune Up, Annual business structure analysis, Family Limited Partnerships and gift tax returns and strategy. South Carolina office for H Christopher Moss, CPA, 210 Wingo Way, Suite 303, Mount Pleasant SC 29464..Virginia office for Infinite Partnerships, H Christopher Moss, Attorney, 211 N Union St, Suite 100 Alexandria, Va. 22314
Chris Moss CPA Tax Attorney
Author's posts
May 17
IRS Whistleblower
Welcome to TaxView with Chris Moss CPA Do you know someone is defrauding the US Government by filing a false federal tax return? For example suppose you know about a group of perpetrators who are using identity theft to file hundreds of false tax returns and illegally collecting Millions of dollars of bogus refunds. Are …
May 09
IRS Appeals Division
Welcome to TaxView with Chris Moss CPA Many of you small business owners out there will at some point or another will be audited by the IRS. If your audit concludes with what you believe to be an incorrect application of the law to the facts in your specific case you should have the professional …
May 01
Related Party 1031 Tax Free Exchange
Welcome to TaxView with Chris Moss CPA If you all are entering or coming out of a 1031 tax free exchange this year, whether it be forward or reverse, you may want to consider selling your relinquished investment property or purchasing your replacement investment property from a trusted member of your family. Sounds good right? …
Mar 31
Tax Free 1031 Exchange Virgin Islands
Welcome to TaxView with Chris Moss CPA. Did you know you can Section 1031 to the US Virgin Islands? Now wait just a minute you say. IRS Code Section 1031 allows us to defer income tax on gains of our investment property sales, perhaps in many cases, forever, but the relinquished property and the replacement …
Feb 12
Bona Fide Resident US Virgin Islands
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 …
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 …
Jan 26
1031 Sale and Leaseback
Welcome to TaxView with Chris Moss CPA Are you soon coming out of a Section 1031 tax free exchange with a large gain? Have you thought about a 1031 sale leaseback (SL) as an alternative to a straight purchase to close out your 1031 this year? Why use an SL? Long term SLs qualify for …
Jan 16
IRS Disguised Sales Trap
Welcome to TaxView with Chris Moss CPA. For any of you out there owning a partnership interest that restructures from an S Corp to an LLC or perhaps borrows funds and takes partnership or shareholder distributions, watch out for the IRS Disguised Sale Trap (DST). Or perhaps you own some land or stock with a …
Jan 08
501(c)(3) Private Foundation Basics
Welcome to TaxView with Chris Moss CPA If you have given a large donation to an IRS designated 501(c)(3) public charity this year you all know that you get to itemize that contribution as a tax deduction on Schedule A of your Form 1040. But there is also another option: the charitable tax-exempt 501(c)(3) Family …
Dec 26
Gambling Losses Gambling Winnings
Welcome to TaxView with Chris Moss CPA. Back in the 60s if you wanted to “gamble” you went to Las Vegas. Then Atlantic City opened up shop in the 70s as did many State Lottery games. After President Reagan signed the Indian Gaming Regulatory Act (IGRA) you even had more choices in the 80s. More …
Dec 20
Uncertain Tax Positions vs Attorney Client Privilege
Welcome to TaxView with Chris Moss CPA. Uncertain Tax Positions (UTPs) are upon us this 2014 Christmas season and they are coming your way. What are UTPs? A UTP is a deduction or a “tax position” on your tax return that has a 50% chance or more of being disallowed by the Government during an …
Dec 18
Single Member LLC
Welcome to TaxView with Chris Moss CPA If you are thinking about starting a small business, why not start with a Single Member LLC.? The most important reason to form a Single Member LLC or “Single” is simplicity. As a Single you file no separate tax return apart from your personal tax return Form 1040. …
Dec 15
Self-Employment Tax
Welcome to TaxView with Chris Moss CPA Are you self-employed? Do you ever wonder how much of your earnings is subject to self-employment tax? (SET) If you are self-employed you should be paying the correct amount of social security but not be overpaying. Employees are subject to payroll withholding and W2 year-end reporting as per …
Dec 09
Retirement Loan Rollover Tax Traps
Welcome to TaxView with Chris Moss CPA How many of you have had an IRA or 401K indirect or even a direct retirement rollover that triggered a tax and penalty from the IRS? Have any of you borrowed from retirement to pay it back within 60 days only to get a bill from the IRS?–even …