San Diego, CA Tax Attorney
Failure to comply with state or federal tax laws can have dire legal, financial, and professional consequences. Likewise, inadvertently overlooking or misunderstanding details of the U.S. Tax Code can deprive the taxpayer of advantageous credits, deductions, or exemptions, while making it more difficult to engage in advantageous tax planning. Whether you need to defend yourself against investigation / allegations of criminal tax wrongdoing, or simply have questions about how to make the most advantageous use of the Tax Code for your business or your family, rely on the award-winning San Diego Tax Attorneys and CPAs at the Tax Law Office of David W. Klasing for unparalleled client service with a focus on risk mitigation and wealth preservation. To discuss your tax needs in a confidential, reduced-rate initial consultation, contact our San Diego Tax Lawyers and CPAs at (619) 780-2538 / (800) 681-1295, or contact us online to book your appointment.
International Tax Attorneys in San Diego, CA
The Internal Revenue Code and related regulations on foreign information reporting are chock full of financial traps for the unwary, particularly when it comes to the regulation of global income. Unlike most nations, the United States taxes on the basis of citizenship rather than physical residence, creating foreign income reporting requirements for the millions of Americans who have bank accounts, business accounts, or other sources of taxable income overseas.
If you maintain an offshore account in Australia, Ecuador, Hong Kong, Luxembourg, Mexico, the Philippines, Saudi Arabia, Singapore, Switzerland, the United Kingdom (U.K.), or any other foreign countries or territories, you may be required to file a Foreign Bank Account Report, or “FBAR” (FinCEN Form 114), file Form 8938 (Statement of Specified Foreign Financial Assets), file Form 5471 (Information Return of U.S. Persons With Respect to Certain Foreign Corporations), and/or meet additional tax requirements for U.S. expats and citizens abroad. Be advised that failure to meet the applicable requirements could lead to the imposition of civil penalties, or, in the case of suspected tax fraud, a referral by the Internal Revenue Service (IRS) to the Department of Justice (DOJ) for further investigation – and potential prosecution.
Our team of International Tax Attorneys, which includes International FBAR Lawyers, International Estate Planning Attorneys, and Tax Lawyers for Expats, has represented numerous account holders who would have been facing large fines – and in some cases, years of imprisonment – for noncompliance with foreign account reporting requirements. We devote a substantial portion of our tax practice to assisting taxpayers with Offshore Voluntary Disclosure, Expat Streamlined Disclosure, and Domestic Streamlined Disclosure procedures.
San Diego Criminal Tax Defense Attorneys Handling Tax Evasion Charges
Willful tax evasion is a serious offense that can lead to the imposition of Federal and California criminal charges, fines, IRS restitution, prison time, supervised release, and, in cases involving CPAs, tax preparers, or anyone licensed under a state’s business and professions code, career-destroying professional sanctions. Tax evasion charges may arise from the willful underreporting of income, omission of income, improper claiming of tax credits or deductions, failure to file a return, or other attempts to conceal taxable income. In addition to willful evasion of assessment and/or payment and willful failure to file, other commonly charged tax crimes include willful failure to collect or pay over tax (26 U.S. Code § 7202), making false statements (26 U.S. Code § 7206), and interfering with the administration of federal tax laws (26 U.S. Code § 7212).
Even if it is determined that the taxpayer did not violate the law intentionally, the IRS is likely to impose costly civil penalties. Working with an Experienced Tax Preparer can help you avoid such tax issues before they arise. However, if you have already found yourself at the center of an indictment, audit, or investigation, our Tax Defense Attorneys and Tax Evasion Lawyers are ready to fight aggressively in your defense.
IRS, FTB, EDD and CDTFA (BOE) Audit and Appeals Representation in San Diego
Tax audits, which are also called “examinations,” can be conducted by federal agencies such as the IRS, or by state tax authorities. In California, the Franchise Tax Board (FTB) reviews state income tax returns and administers state tax income tax laws in accordance with the California Revenue and Taxation Code.
Audits carry several dangers for taxpayers. Of course, there is the possibility that additional tax, penalties and interest will be assessed, increasing the taxpayer’s tax obligations. Of even greater concern is the possibility that the IRS, FTB, EDD or CDTFA will detect willful misstatements or omissions in the taxpayer’s tax filings, leading to at best additional tax, penalties and interest, and at worst, the potential for criminal tax prosecution. The greatest danger lies in a type of audit known as an “egg shell audit,” which is an audit of a tax return that contains egregious errors, such as significantly understated income.
Our IRS Tax Audit Lawyers can prepare you for an audit, negotiate with the IRS on your behalf throughout the audit process, and, if you are dissatisfied with the results of the audit, potentially aid you in “appeals,” or the process of challenging an auditor’s findings and where necessary, Tax Litigation. Both state (FTB) and federal (IRS) audits may be appealed, though strict procedural rules apply. Our IRS Audit and Appeals Lawyers or FTB Tax Audit Lawyers are happy to answer your questions about state or federal tax appeals, the rules for appealing an audit, and other audit-related issues, including worker classification audits, California and federal employment tax audits, foreign account audits, California sales tax audits, and more. Additionally, our Bitcoin tax attorneys can represent you in a cryptocurrency audit if you have been affected by the recent Coinbase summons.
Payroll, Employment, and Business Tax Lawyers in San Diego
S and C Corporations, Partnerships, LLC’s and other business entities are subject to some of the most complex and elaborate provisions contained within the U.S. Tax Code. Even highly experienced business owners can find themselves adrift in the sea of regulations – much to the financial detriment of the company he or she has worked so hard to make successful.
At “best,” failure to comprehend the thousands of nuances contained within the Tax Code can lead to missed financial opportunities – and at worst, could subject the business owner to personal liability for unpaid federal taxes, such as Social Security and Medicare taxes (FICA, payroll, or trust fund taxes), excise taxes, and railroad retirement taxes. In either scenario, the end result is financial harm: harm which could have been avoided with skillful tax guidance.
Do not allow your business to be compromised by unforeseen tax issues. Ensure that you are complying with the Tax Code and using its provisions to your advantage by consulting with our Business Tax Attorneys and employment tax attorneys in San Diego. We can assist you with Entity Selection, Business Succession Planning, compliance with California sales tax laws, and other tax matters affecting S corporations, C corporations, limited liability companies (LLCs), non-profit organizations, sole proprietorships, partnerships, and other entities.
Experienced San Diego Tax Lawyers, CPAs, and EAs Can Help
From tax planning and preparation to vigorous criminal defense – Bitcoin tax questions to estate planning for your family – the nationally recognized Tax Attorneys and CPAs at the Tax Law Office of David W. Klasing possess the skill, the knowledge, and the decades of hands-on experience to deliver the comprehensive support that your tax matter requires. We have worked with taxpayers from all walks of life, ranging from high net worth individuals and venture capital investors, to young couples with tax questions about buying a home for the first time. No matter what your tax issue involves, we can guide you down the path toward an effective and efficient resolution.
Contact us online to schedule a reduced-rate consultation, or call the Tax Law Office of David W. Klasing at (800) 681-1295 for immediate assistance. You can also reach our San Diego branch directly by calling (619) 780-2538. Conveniently located to serve residents of San Diego and its surrounding suburbs, our appointment only San Diego office is located at the following address:
501 West Broadway
San Diego, California, 92101
San Diego Tax Law Offices
For any of your tax planning compliance and controversy needs in San Diego, contact the Lawyers at The Tax Law Offices of David W. Klasing today. Our experienced Tax Lawyers offer a reduced-rate consultation on new cases or engagements. Call (619) 780-2538 or 800-681-1295 or contact us online today to schedule a reduce rate initial consultation at our San Diego tax law offices, or at one of our other convenient locations across Southern California.