We represent clients from all U.S. and International locations regarding Federal Tax and California Issues.
Indianapolis - Circa March 2019: New IRS 1040 Tax forms. The new 1040 forms are simplified from prior years VI
The IRS’ Large Business and International (LB&I) Division enforces compliance with corporate tax laws, focusing specifically on C corporations, S corporations, and LLCs whose assets are valued at or above $10 million. (Small businesses, or companies with assets below $10 million, are monitored by a separate branch of the IRS, the Small Business/Self-Employed Division.) If you regularly visit our tax law blog, you may recall that, toward the end of 2018, LB&I launched five compliance campaigns targeting FATCA filers, taxpayers claiming foreign tax credits, taxpayers claiming work opportunity tax credits, offshore service providers, and filers of delinquent Forms 1120-F (U.S. Income Tax Return of a Foreign Corporation). More recently, LB&I announced the launch of six additional campaigns, one or more of which may impact your large business. If you need assistance resolving corporate tax issues in California, the business tax attorneys at the Tax Law Office of David W. Klasing can help your company find strategic solutions.
An experienced corporate tax attorney can help you successfully navigate LB&I’s latest rollout of compliance campaigns, which affect S corporations, large businesses with offshore assets, and other taxpayers. The campaigns, which were announced by the IRS in July 2019, are as follows:
Whether you own and operate a large business, or you are simply a taxpayer with substantial personal assets, you may be impacted by the IRS’ most recent LB&I compliance campaigns. Be sure to review your tax situation thoroughly with a skilled and experienced attorney-CPA, like David W. Klasing, who can work to reduce tax penalties, negotiate with the IRS, and help you or your business plan for the future. Contact us online today to arrange a reduced-rate consultation, or call the Tax Law Office of David W. Klasing at (800) 681-1295 to get started.
Also, we’ve expanded our offices! In addition to our offices in Irvine and Los Angeles, the Tax Law Offices of David W. Klasing now have offices San Bernardino, Santa Barbara, Panorama City, Oxnard, San Diego, Bakersfield, San Jose, San Francisco, Oakland and Sacramento.
Note: If you have concerns about the privacy of our initial or subsequent communication and are unable to easily travel to our Irvine / Orange County Main Office, consider scheduling a GoToMeeting to safely and securely establish an initial or maintain an existing attorney client relationship. With end-to-end encryption, strong passwords and top-rated reliability, no one is messing with your meeting. To schedule a reduced rate initial consultation via GoToMeeting follow this link. Call our office and request a GoToMeeting if you are an existing client. We are generally happy to travel to any of our appointment only satellite offices for a subsequent meeting in appropriate circumstances once a relationship is established via a signed engagement letter and the payment of an initial retainer or where enough retainer is available where a current client to cover the reasonable travel time and time required for the meeting.
Will it cost me more to hire the Tax Law Offices of David W. Klasing, who’s main office and the vast majority of the firm’s staff is located in Irvine California, but an appointment only Satellite office is close to my location, as opposed to a local company? Absolutely not! See our policies that address this issue here: