Tax issues can be complex. Knowing what type of expert is required to seek a resolution can be difficult. Generally, most issues can be addressed by either a Tax Attorney or a Certified Public Accountant (CPA).
It can be highly valuable to have your case analyzed by both a Tax Attorney and a CPA. However, hiring both types of tax professionals can be expensive. Fortunately, you can reach out to our law firm to consult with our Dual Licensed Tax Attorneys and CPAs. By evaluating your case from multiple perspectives, our legal team can more efficiently address the matter at hand.
If you have a tax issue that needs resolving, get help from our Dual Licensed Tax Attorneys and CPAs at the Tax Law Offices of David W. Klasing by dialing (800) 681-1295 or follow this link to schedule a reduced rate initial consultation via phone, in person at our Irvine Office or meet online via video using GoToMeeting.
Reasons to Hire Our Dual-Licensed Tax Attorneys and CPAs
There are many reasons to hire our Dual Licensed Tax Attorneys and CPAs. First, our team is likely qualified to address your tax needs without referring you to another firm. Accordingly, our clients do not run into expensive communication issues and disagreements & ego battles between their attorneys and their accountants.
Furthermore, paying one firm is less expensive than paying two. By enlisting the services of our Dual Licensed Tax Attorneys and CPAs, you may deal with your tax issues without having to pay multiple parties. You can trust our team can handle all matters related to your tax needs.
Lastly, our Dual Licensed Tax Attorneys and CPAs have an in-depth understanding of tax law, business law, and accounting. Therefore, our legal team can analyze your case from multiple angles and quickly determine the tax strategy that needs to be employed.
What Can Tax Attorneys and CPAs Do for You?
Our Dual Licensed Tax Attorneys and CPAs can perform multiple services for you. The following are some of the benefits each type of tax professional may be able to offer:
CPAs
CPAs have to complete an extensive amount of education, training & testing in order to become certified. These types of tax professionals often have extensive experience in areas like bookkeeping, taxation, business planning, and auditing. Accordingly, our CPA services can be very helpful when seeking to identify problem areas within your financial records and avoid potential issues with the Internal Revenue Service (IRS).
Tax Attorneys
Like CPAs, Tax Attorneys must also complete copious amounts of education, training & testing to earn their licenses. CPAs typically focus on record-keeping. Meanwhile, Tax Attorneys can address issues related to high risk civil and criminal dispute resolution and long-term tax planning. For example, our Tax Attorneys are prepared to represent your interests during an eggshell audit, reverse eggshell audit, or criminal tax investigation. Our legal team can protect your interests, net worth, and your very liberty by defending against any civil or criminal tax exposure you may face.
If you have failed to file a tax return for one or more years or have taken a position on a tax return that could not be supported upon an IRS or state tax authority audit, eggshell audit, reverse eggshell audit, or criminal tax investigation, it is in your best interest to contact an experienced tax defense attorney to determine your best route back into federal or state tax compliance without facing criminal prosecution.
Note: As long as a taxpayer that has willfully committed tax crimes (potentially including non-filed foreign information returns coupled with affirmative evasion of U.S. income tax on offshore income) self-reports the tax fraud (including a pattern of non-filed returns) through a domestic or offshore voluntary disclosure before the IRS has started an audit or criminal tax investigation / prosecution, the taxpayer can ordinarily be successfully brought back into tax compliance and receive a nearly guaranteed pass on criminal tax prosecution and simultaneously often receive a break on the civil penalties that would otherwise apply.
It is imperative that you hire an experienced and reputable criminal tax defense attorney to take you through the voluntary disclosure process. Only an Attorney has the Attorney Client Privilege and Work Product Privileges that will prevent the very professional that you hire from being potentially being forced to become a witness against you, especially where they prepared the returns that need to be amended, in a subsequent criminal tax audit, investigation or prosecution.
Moreover, only an Attorney can enter you into a voluntary disclosure without engaging in the unauthorized practice of law (a crime in itself). Only an Attorney trained in Criminal Tax Defense fully understands the risks and rewards involved in voluntary disclosures and how to protect you if you do not qualify for a voluntary disclosure.
As uniquely qualified and extensively experienced Criminal Tax Defense Tax Attorneys, KovelCPAs and EAs, our firm provides a one stop shop to efficiently achieve the optimal and predictable results that simultaneously protect your liberty and your net worth. See our Testimonials to see what our clients have to say about us!
Examples of Issues Our Dual Licensed Tax Attorneys and CPAs Can Help With
There are many types of issues that our Dual Licensed Tax Attorneys and CPAs can help with. For example, our team can address any of the following issues in your case:
Business Entity Selection
Various types of businesses will have differing tax obligations. After contacting our law firm and communicating the goals of your business, our Dual Licensed Tax Attorneys and CPAs can help identify the business entity type that aligns with your needs & goals. Our legal team can handle the selection and formation of the following types of businesses:
- C-corporations
- S-corporations
- Partnerships
- Family limited partnerships
- Limited partnerships
- Limited liability partnerships
- Limited liability companies
- Sole proprietorships
By choosing the correct business entity for you, you may effectively protect your personal assets and minimize your potential tax obligations. Call our law firm today for help identifying the type of business you wish to establish.
Business Succession Planning
Almost every business owner has to determine how they want to exit eventually. This process is referred to as “business succession planning.” There are two main ways to implement a succession plan. Generally, businesses may either be sold or gifted. When a business is gifted, the recipient is usually a family member or friend of the former owner.
There are many questions you may ask in order to determine which form of succession is right for your business. For example, any of the following circumstances may be analyzed before reaching a decision:
- Will the owner retire or work until they pass away?
- Will the owner transfer the business to their children or a third party?
- Does the owner require liquidity (cash flow) after their business’s transfer?
- Does the owner have a taxable estate?
- Does the owner wish to exercise a degree of control over the business even after it has been transferred?
- How many owners are there?
Many estate planning tools may be utilized to transfer your business interest to a third-party purchaser, friend, or family member. After consulting with our Dual Licensed Tax Attorneys and CPAs, you can effectively form a business succession plan that is right for you.
Business Purchase
Assistance from our Dual Licensed Tax Attorneys and CPAs can be highly valuable when purchasing a business. Our legal team will analyze contracts, operational histories, valuation reports, and other financial records in order to ensure that a business is worth the value you are paying. Our attorneys can also determine whether there are any unpaid tax liabilities, pending lawsuits, or hidden off balance sheet risk that you should be aware of before purchasing a business. Accordingly, we strive to minimize the surprises after your transaction is complete.
FBAR and FACTA Compliance
Americans who have offshore financial accounts or offshore income-generating assets must report these accounts and assets to the Internal Revenue Service (IRS). In order to comply with reporting requirements for foreign holdings, you must have a comprehensive understanding of the regulations outlined by the Report of Foreign Bank and Financial Accounts (FBAR) and the Foreign Account Tax Compliance Act (FACTA).
Issues related to FBAR and FACTA compliance are often complex. Accordingly, guidance from our Dual Licensed International Tax Attorneys and CPAs can be invaluable to ensure that your rights and interests are protected.
If You Encountered a Tax Issue, Our Law Firm Can Help
If you have a tax issue that needs to be addressed, seek support from our Dual Licensed Tax Attorneys and CPAs at the Tax Law Offices of David W. Klasing. Call 949 681-3502 or follow this link to schedule a reduced rate initial consultation via phone, in person at our Irvine Office or meet online via video using GoToMeeting. Feel free to call or email our office and request a GoToMeeting if you are an existing client.
More Commonly Asked Tax Audit Questions
- How should Tax Audits be Handled by Criminal Tax Counsel?
- How to survive audit when I cheated on return being audited
- What is an eggshell audit?
- What is a reverse egg shell audit?
- Why is a reverse egg shell audit dangerous for a taxpayer?
- Warning signs of a criminal referral from an IRS audit
- Effective tax defense counsels goals in an egg shell audit?
- How are the 4 goals and outcomes 1 and 2 best obtained?
- What are the possible outcomes of an egg shell audit?
- Is it my right to know why I was selected for examination?
- What can I do to prepare for an audit?
- What is an IRS civil examination?
- How IRS decides which tax returns are audited
- What are my appeal options if I disagree with IRS?
- What are my basic taxpayer rights if the IRS audits me?
- Options if I am unable to pay at the conclusion of audit
- What a 30 or 90-Day Letter from the IRS means
- What is involved with appealing disagreements?
- Rights to disagree with IRStaxauditor’sss findings
- Can I stop the IRS from repeatedly auditing me?
- Can I have the examination transferred to another area?
- Can I record my IRS interview and is it a good idea?
- How many years of returns are at risk during an audit?
- Common reasons for the IRS to conduct a tax audit
- How to avoid negative consequences from an IRS interview
- Have to agree to interview by taxing authority directly?
- Are all audits the same?
- What should I do if the IRS is investigating me?
- What if I don’t respond to a taxing authority audit notice
- Your rights during an IRS tax audit
- Risks of attending an IRS audit without a tax lawyer
- Most common audit technique used by taxing authorities
- Don’t go into an IRS audit without representation
- Why hire an attorney to represent me in an audit?
- Why hire David W. Klasing to represent me in an audit
Questions and Answers for Criminal Tax Representation
- When tax defense counsel parallels tax crime investigation
- Guilty of tax obstruction by backdating documents?
- To be found guilty of tax obstruction must a person actually be successful in impeding the IRS’s functions?
- Help! The Document I Gave the IRS Had False Information
- Tax crime aiding or assisting false return IRC §7206(2)
- What is the crime known as tax obstruction § 7212?
- What is the difference between tax perjury and tax evasion?
- What is the tax crime commonly known as tax perjury?
- What is a Klein Conspiracy?
- Increased possibility of civil action in IRS investigation
- Am I Guilty of Tax Evasion if the Law is Vague?
- What happens if the IRS thinks I committed tax crimes?
- What are ways to defend against a tax evasion charge?
- Difference between criminal tax evasion and civil tax fraud
- What accounting method does the IRS use for tax fraud
- Can I Change Accounting Method to the Accrual Method
- What is the willfulness requirement for tax evasion?
- I didn’t know I committed tax fraud. Can I get off?
- Concealed assets from IRS. Can I avoid tax evasion charges
- How government proves I willfully engaged in tax evasion
- What is the venue or court where a tax crime case is heard?
- Must the IRS prove tax crimes beyond a reasonable doubt?
- Is it a crime to make false statements to the IRS?
- Will the IRS overlook my tax evasion if it’s minor?
- Failed to tell IRS about my nominee account
- Audit risk with cash based business transactions
- How to defend a client charged with tax evasion
- Is it tax evasion if I didn’t file income tax return?
- Government says I attempted to evade my taxes. Now what?
- I forgot to pay my taxes or estimated tax. Is this a crime?
- Government proof I “willfully” failed to pay taxes
- 5 Ways to Respond to Tax Evasion Charges
- Being audited after using a tax professional
- Rules for what an IRS agent can do while investigating me
- How tax preparers, attorneys and accountants are punished
- How the IRS selects tax crime lead for investigation
- How does the IRS prosecute suspected tax crimes?
- Does IRS reward informant leads for suspected tax crimes?
- How the government proves deficiency in a tax evasion case
- Do prior tax crimes factor into new IRS tax convictions?
- Requesting conference before investigative report is done
- Requesting conference after IRS Special Agent Report
- What are my rights during an IRS criminal investigation?
- Avoid prosecution for tax crime with voluntary disclosure?
- Defense tactics that make it hard for to prove willfulness
- How a tax attorney can stop your criminal tax case?
- What can you generally tell me about tax crimes?
- Continuing filing requirement with investigation pending
- Federal criminal code crimes that apply to tax issues
- Penalty for making, subscribing, and filing a false return
- CID special agent’s report for criminal prosecution
- What is the discovery process in a criminal tax case?
- What the IRS includes in indictment for tax case
- What is the hardest element of a tax crime to prove?
- IRS methods of gathering evidence to prove tax crime
- What does a grand jury do in IRS tax crime prosecution?
- Failure to keep records or supply information
- Failure to make a return, supply information, or pay tax
- What is attempting to evade payment of taxes?
- What is income tax evasion and how is it punished?
- What is attempted income tax evasion?
- What is the crime of failure to pay tax? What is punishment
- Crime of making or subscribing false return or document
- Criminal Investigation Division investigation tactics
- Tax crimes related to employment tax forms and trust funds
- Tactics to defend or mitigate IRS criminal tax charges
- How the IRS generates leads about suspected tax crimes
- What is the crime ”evasion of assessment” of tax?
- Specific examples of “attempting” to evade tax assessment
- What is the so-called Spies evasion doctrine?
- Does overstating deductions constitute tax evasion?
- Is it tax evasion if my W-4 contains false statements?
- IRC §7201 attempt to evade vs. common-law crime of attempt
- What are the penalties for Spies tax evasion?
- How government proves a taxpayer attempted tax fraud
- What is a tax that was “due and owing.”
- What is evasion of assessment for tax liability?
- Is evasion of assessment different from evasion of payment
- Does the IRS have a dollar threshold for tax fraud?
- What is the IRS burden of proof for tax fraud convictions?
- Are Tax Laws Constitutional?
- What is the source of law that defines tax evasion?
- Does section 7201 create two distinct criminal offenses?
- Does tax evasion definition include partnership LLC
- What if I helped someone else evade taxes?
- Is it illegal to overstate deductions on my tax return?
- Is it illegal to conceal bank accounts from the IRS?
- Do later losses justify prior deductions?
- Common reasons the IRS and DOJ start investigations
- What is the Mens Rea component of tax crimes?
- What is a proffer agreement and what are the risks?
- Why to have an attorney to review a proffer agreement
- Why enter into a proffer agreement?
- Limited use immunity from proffer agreements
- Difference between civil and criminal fraud allegation
