Oxnard Tax Attorney and CPA
Those who work or live in Oxnard know the diversity of business opportunities in this city and region. You as an individual or as a business owner may need a variety of tax compliance and tax planning services in Oxnard.
Businesses may need to form the right entity for tax purposes, or they may need a succession plan for the future. They may also need tax preparation services, ensuring they are properly following the tax code both at the state and federal levels and at the same time legally paying the least amount of taxes.
Some businesses or individuals have international exposure or income, which complicates tax compliance and offshore information reporting, but this is an area where we can help.
Should you receive notification of a state or federal audit regarding your taxes, we have the ability to represent you against the IRS or any California tax agency. We also can help Oxnard individuals and businesses with tax debt relief.
We can handle all of these situations and more. To learn more about the Oxnard tax services we offer, contact the Tax Law Offices of David W. Klasing today to schedule a 10-minute call with an experienced tax attorney.
The Best Tax Attorney in Oxnard
Situated on California’s scenic coastline, Oxnard is home to more than 200,000 people, making it the largest city in Ventura County. But while Oxnard is known for its sunny beaches, thriving agricultural and manufacturing industries, and affluent neighborhoods, local residents face one of the country’s strictest and most detailed tax codes, which is rigidly enforced by tax authorities like the Franchise Tax Board (FTB) and the IRS. The FTB and other agencies also coordinate with the Internal Revenue Service (IRS), performing tax audits, investigating fraud, and assessing costly taxes, interest, and penalties. If you need help resolving a California or federal tax issue, turn to the Oxnard tax lawyers at the Tax Law Office of David W. Klasing for counsel you can depend on.
California, Federal, and International Tax Services in Oxnard
The Tax Law Office of David W. Klasing is a full-service California tax law firm handling the complete spectrum of civil, criminal, state, federal, international, personal, and business tax matters. With offices located in Oxnard’s Riverpark neighborhood on the banks of the Santa Clara River, we are conveniently positioned to serve taxpayers and business entities throughout the region.
Whether you live in Oxnard, own a small business in Oxnard, or do business with vendors in the community, our knowledgeable team of Tax Attorneys and CPAs is ready to provide you with the support and guidance you require. No matter what sort of case we are assisting a taxpayer with, from audit representation to tax planning to criminal tax defense, our mission is always threefold: to mitigate your penalties and tax liabilities, to help you use the tax code to your advantage, and to ensure your compliance with state and federal tax regulations all the while protecting your liberty.
We work with individual taxpayers, business entities, and other organizations, including S corporations, C corporations, partnerships, limited liability companies (LLCs), sole proprietorships and more. Led by dually-certified California Attorney-CPA David W. Klasing, our versatile, award-winning taxpayer advocates apply decades of combined experience to every case, sharpened by cutting-edge research into the latest regulatory and legislative developments. Tax services we provide in Oxnard include, but are not limited to, the following:
- Business Tax Services
- Business Entity Selection and Formation
- Business Succession Planning
- Business Transactions
- International Tax Services
- FATCA and FBAR Compliance
- Tax Services for U.S. Expats
- Voluntary Disclosure Programs
IRS, FTB, CDTFA (BOE), or EDD Audit Defense
No matter what kind of audit you are dealing with, it is important to contact a tax attorney who can help guide you through the process and mitigate any potential damages to your net worth or to your very liberty. Below we discuss four of the major agencies that conduct audits in California.
IRS Audit Representation
The IRS conducts audits related to your federal tax returns. This can involve your personal tax return or tax returns filed by your business (often both simultaneously). IRS audits are rarely completely random, with most audits the results of your return being flagged for potential issues, such as underreporting of income, claiming unsubstantiated expenses, claiming excessive exemptions or credits you do not qualify for, or the IRS perceiving that you have failed to pay taxes that you owe (nonfliers). The IRS can usually go back 3 tax years when reviewing your records and returns, but this can be extended to six years in some cases. If fraud is detected the statute of limitations becomes open back to the dawn of time.
There are three types of audits conducted by the IRS. The first is a correspondence audit. This type of audit is initiated when the IRS sends you a letter asking for documents and records to back up the information on your tax return. This type of audit will ordinarily be conducted through correspondence rather than in person. While this ordinarily is the least risky type of audit, if you have cheated on the return at issue you could be at risk for criminal tax prosecution especially if you are facing an egg shell audit. A tax lawyer can help you reconstruct the necessary records and mitigate any civil damages or criminal exposure for errors you made on the returns under audit.
The second type of audit is an office audit. In this instance, you will be required to bring the requested documents and records to an IRS office where an agent will review them in person and interview you. You should always have a tax lawyer prepare you for and accompany you to such a meeting. Since 70% of communication is nonverbal and you will ordinarily be very nervous it is often better to have your attorney attend the audit on your behalf.
Finally, there is a field audit, where IRS agents come to your home or business and examine records. This is the most serious type of audit and you may need to contact a tax lawyer right away to avoid potentially devastating civil and criminal consequences. Attorneys are far better suited to represent you in any audit as they are trained in the art of persuasion and can leverage their ability to bring an appeal or litigation should the IRS get either the facts or the law wrong in conducting and concluding your audit. No tax professional is better suited to get you the optimal results.
California Franchise Tax Board (FTB) Audit Representation
The California Franchise Tax Board (FTB) conducts audits related to issues with California state personal and business income tax returns. Even if you were not found to owe the IRS anything after a federal audit, you may be found to owe money to California because of differences between California and Federal tax law. California audits are no less serious than federal audits because California also prosecutes tax crimes and will report the results of the audit to the IRS. You, therefore, will be forced to amend your federal returns to agree to the results of the California Audit.
Like with federal audits, if you are erroneously determined to owe money to California, a lawyer can work to challenge any incorrect findings, mitigate damages, and work out a payment plan to pay them back what you ultimately owe over time.
California Employment Development Department (EDD) Audit Representation
While the IRS handles issues related to the federal payroll tax, California payroll tax issues are audited by the California Employment Development Department (EDD). Each employer in California is required to withhold taxes out of each employee’s paycheck and remit them to the state. Fines and penalties can be assessed if you fail to collect payroll taxes from your employees or fail to remit them to the proper state agency.
Many EDD audits center on the potential misclassification of workers as independent contractors when they should be legally classified as employees. Employers are required to handle payroll taxes for their employees, but not for independent contractors working for them. There are complex rules and regulations that must be followed regarding who can and cannot be classified as an independent contractor especially considering California’s recent legislation known as AB5. A skilled tax attorney can work to make sure you are classifying them correctly and help mitigate any damage from improper classification in the past.
California Department of Tax and Fee Administration (CDTFA) Audit Representation
The California Department of Tax and Fee Administration (CDTFA) is tasked with conducting audits related to state sales tax issues. The amount a business is required to charge in sales tax can vary depending on the municipality and the product being sold. The CDTFA often conducts random audits of businesses in fields like the restaurant and bar industries where undercharging of sales taxes is common, especially when associated with skimming cash. This type of audit can be your worst nightmare.
Sales tax audits can be extremely invasive, requiring you to produce all records of sales you made over a 3-year period or longer. The auditor will compare the sales reported on your income tax returns to the sales reported on your sales tax returns and investigate any differences. An experienced tax attorney can work to help you reconstruct these records and can help deal with any fallout from past failures to charge, collect or remit sales taxes properly. An attorney can make sure any petition challenging a finding that you owe money is filed in a timely manner. If this is not done, you could be deemed to owe an amount you simply cannot pay, and your business could face severe collection related consequences.
If you need tax help in Oxnard, the Tax Law Office of David W. Klasing is here to offer unparalleled expertise on a breadth of state, federal, and international issues. We can represent you before various tax agencies, protect your rights from being violated, identify strategies to limit your tax liabilities, and help you make more effective financial decisions. For a reduced rate consultation, contact us online, or call our Oxnard tax office at (805) 617-4566 today.