Los Angeles Tax Attorney Near Me
No matter where you reside or do business in Los Angeles, you’re never far from dependable tax guidance. With over 20 years of experience in areas of tax law ranging from corporate compliance to cryptocurrency, our Los Angeles tax lawyers offer high quality legal representation and professional tax help for individuals, business entities, and religious organizations. Conveniently located in the heart of LA’s Westwood neighborhood, our appointment-only Los Angeles office is easy to access from I-405 and Santa Monica Boulevard. To schedule your reduced-rate appointment today, contact the Tax Law Office of David W. Klasing online, or call (310) 492-5583.
Los Angeles Tax Services Near Me
At the Tax Law Office of David W. Klasing, our award-winning team is comprised of attorneys and CPAs from a diverse range of professional backgrounds in taxation, bookkeeping, and accounting, enabling us to efficiently meet the tax needs of any domestic or international business or individual. Under the leadership of our founder, dually-certified attorney-CPA and former public auditor David W. Klasing, we are able to offer a broad range of personal and business tax services in LA – without sacrificing efficiency or convenience for the clients we serve.
From helping business owners evaluate the tax impacts of commercial transactions, to preparing state and federal tax returns for first-time homeowners, to negotiating with the IRS or Franchise Tax Board during an audit, our LA tax attorneys are committed to protecting your rights and liberty, reducing your costs, and bringing you into compliance with tax laws. Types of tax issues with which we can assist you or your business include:
- Back taxes and unfiled tax returns
- Bitcoin and cryptocurrency tax issues
- Bookkeeping and accounting
- Business and payroll tax compliance
- Criminal tax defense
- Divorce-related tax issues
- Estate planning
- Foreign account reporting and voluntary disclosure
- Sales taxes for businesses and online retailers
- Tax audit and appeals representation
- Tax debt relief
- Tax litigation
- Tax planning and preparation
Among the numerous tax services, we provide in Los Angeles, many taxpayers require assistance specifically in the areas of tax auditing, unfiled returns and tax compliance, and voluntary disclosure, which are discussed in greater depth below.
Los Angeles Tax Audit Lawyers
Federal tax examinations are conducted by the IRS, which performs three types of tax audits, depending on the scope and complexity of the case: correspondence audits, office audits, and field audits. If the audit involves a state-specific tax issue, such as failure to pay California sales and use or income taxes, the audit will be conducted by the appropriate California tax agency, such as the Franchise Tax Board (FTB) or California Department of Tax and Fee Administration (CDTFA).
Our LA tax audit attorneys represent taxpayers against the IRS, FTB, CDTFA, and other tax authorities, such as the Employment Development Department (EDD), in state and federal tax audits, including employment and payroll tax audits, income tax audits, foreign account tax audits, and sales tax audits. We will collect and evaluate your financial records, handle communications with government agencies, negotiate payments on your behalf, and ensure that your rights are respected throughout the audit process. We can also file an appeal, which gives you an opportunity to dispute the outcome of your tax audit, if you disagree with the auditor’s findings when the examination concludes.
LA Tax Attorneys for FBAR and Voluntary Disclosure
For a variety of reasons, many residents of Los Angeles control or have access to overseas bank accounts. If you are among them, you may be required to file certain tax forms in addition to your state and federal income tax returns.
For example, if the value of your account or accounts has ever exceeded $10,000, you may need to file an FBAR, or “Foreign Bank Account Report” (also called FinCEN Form 114), for the relevant tax years. If the value of the foreign account or accounts exceeded $50,000 in aggregate, you may need to file Form 8938 (Statement of Specified Foreign Financial Assets) in addition to your FBAR. Furthermore, you are required to acknowledge foreign income on your federal income tax return, which asks about “other income” at Line 21.
There can be harsh civil penalties for failure to file an FBAR or Form 8938. However, the IRS offers various voluntary disclosure programs for taxpayers who still need to report offshore income. We can guide you through these options to help you reenter compliance, while mitigating the penalties you face.
LA Tax Planning and Preparation Services
Many taxpayers have questions about tax compliance – particularly with the recent passage of the Tax Cuts and Jobs Act (TCJA), the federal tax reform bill passed by Congress in 2017. The TCJA significantly overhauls the tax code. We provide tax planning and tax preparation services in Los Angeles to help businesses and individuals comply with the law, thus avoiding or minimizing IRS penalties. In addition to helping you avoid civil penalties; professional tax planning and preparation also empowers you to make better financial decisions by giving you detailed insights into the potential short- and long-term outcomes of various tax strategies. We can also help you evaluate your options for getting caught up on back taxes and handling failure-to-file or failure-to-pay penalties.
Los Angeles Tax Lawyers Near Me
If you’re looking for an experienced, knowledgeable, and trustworthy tax lawyer located near you, contact the Tax Law Office of David W. Klasing to learn more about the LA tax services we provide. With decades of experience in all areas of tax law, from IRS debt relief to criminal tax defense, we are a full-service firm prepared to help you resolve any issue with professionalism and zeal. Contact us online today or call our Los Angeles office at (310) 492-5583 to get started.