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
Aug 25
IRS or State Law For Medical Marijuana
Welcome to TaxView with Chris Moss CPA Medical marijuana is now legal in at least 23 states and the District of Columbia, and two of those states, Washington and Colorado, have legalized marijuana for recreational use. If you are one of the many taxpayers out there thinking about operating a medical or recreational marijuana retail …
Aug 23
Tax Free Housing Allowance For Clergy
Welcome to TaxView with Chris Moss CPA If you are a minister of the Gospel you most likely have heard of the Parsonage Allowance Exclusion or the tax free housing allowance for clergy under Section 107 of the IRS Code. First enacted in 1921 the Allowance excludes the rental value of a dwelling house furnished …
Aug 12
IRS Material Participation Audit
Welcome to TaxView with Chris Moss CPA If you own multiple businesses you know all too well that start-ups generally lose money the first or second year. But did you know you can deduct these losses against current earnings, lower taxes and increase cash flow all at the same time you phase into rapid growth …
Aug 10
IRS Offer-In-Compromise
Welcome to TaxView with Chris Moss CPA For those taxpayers who might be in the unfortunate position of owing the US Government a large amount of income tax compounding with interest and penalties daily, an IRS approved “Offer-in-Compromise”(OIC), might be just what you are looking for. If you are thinking “that could never happen to …
Aug 07
Estate Tax Business Valuation: Goodwill
Welcome to TaxView with Chris Moss CPA If you own the family business and perhaps your children and grandchildren are working with you as well, I am sure you all once in a while wonder how much your business is worth? Did you know there is someone else who is interested in how much your …
Aug 05
Family LLC Member Discounts
Welcome to TaxView with Chris Moss CPA. Has your tax attorney mentioned that Congress could someday sooner than you might think dramatically reduce the $5 Million gift exemption ($10 Million married) to which President Obama gave his blessing in December of 2012. If you are a baby boomer thinking of retiring with substantial assets, and …
Aug 02
IRS Criminal Investigation Divison
Submitted by Chris Moss CPA It is a fact that in your lifetime you likely will be audited by the IRS examination division as long as you are legally required to file tax returns each year. However, there is a remote possibility that an IRS agent during a routine examination of your tax return might …
Jul 29
IRS Cost Basis For Beginners
Submitted by Chris Moss CPA All business owners and entrepreneurs are at one time or another having to deal with a “basis” computation analysis when they sell their interests in the company they started. Likewise real estate developers and builders use basis to compute their gains and losses when they sell their property. Moreover, all …
Jul 26
IRS Audit Statute of Limitations
Submitted by Chris Moss CPA The US Income Tax Return form 1040 is probably one of the few annual forms that just about all Americans sign, either manually or electronically, under penalty of perjury. The exact phrase you certify in a quasi-oath like setting is: “Under penalties of perjury, I declare that I have examined …
Jul 22
Who Owns Your Accounting Records?
Submitted by Chris Moss CPA In reading a recent 143 page 2012 US Tax Court Opinion F.Lee Bailey vs IRS I ask why a famous attorney would not have his accounting records in the Cloud. In the Bailey case Judge Gustafson says “there is no provision that excuses taxpayers from retaining their records…taxpayers are required …
Jul 19
IRS Fights Conservation Easements
Submitted by Chris Moss CPA Are you planning to gift a conservation easement on your land or home in accordance with Section 170 of the IRS Code? Or have you gifted a conservation easement a few years ago and are benefiting from the carryforward year after year? Listen up conservation easement advocates: IRS may be …
Jul 10
Completed Contract Method: Howard Hughes Tax Court Case
Submitted by Chris Moss CPA If you read my last article on the Completed Contract Method of Income Tax Deferral we concluded that Shea v IRS was a big win for the developers. Unfortunately the IRS has come back with a vengeance in June of 2014 with a big win in Howard Hughes v IRS. …
Jul 06
Completed Contract Method Income Tax Deferral
Submitted by Chris Moss CPA Many real estate developers use the Completed Contract Method (CCM) of income recognition as they develop large tracts of land into buildable lots and ultimately residential housing around the nation. This special method of revenue recognition is allowed for small developers earning less than $10 million who anticipate a 2 …
Jul 04
Healthy Living Tax Deductions: Gym Memberships
Submitted by Chris Moss CPA Most taxpayers deduct medical expenses on their tax returns either as individuals or through businesses. Deductions like health insurance premiums or doctors and dentists fees are pretty black and white if you are being treated for illness. But what about that gray area of preventative medicine including supplements, gym memberships …
Jul 01
Business Air Travel
Submitted by Chris Moss CPA For small businesses with fractional jet ownership or for any business owner who leases aircraft for travel here are some important changes to your flight plan before we take off for a tax deductible and enjoyable summer business trip. Attention all business travelers: The IRS has control of the flight …