Ventura County, CA Tax Attorney
The Tax Law Offices of David W. Klasing represent clients in Oxnard and throughout Ventura County on a variety of Tax Law needs. Our Tax Attorneys, CPAs, and EAs work as a team to help our clients achieve their tax goals which routinely include reducing their overall tax burden through effective and entirely legal Tax Planning. We also provide services in the areas of IRS tax audit representation, state and local taxes compliance, planning and controversy, and even international tax and information reporting requirements, among many other areas of tax law. If you have a problem with the IRS, California Franchise Tax Board, FTB, California Department of Tax and Fee Administration, CDTFA, California Office of Administrative Hearings, OAH, California Employment Development Department, EDD or have errors or problems with your current or previous tax filings, contact our Tax Lawyers, CPAs and EAs today.
Our Tax Attorneys offer reduced-rate consultations for new clients. To schedule your consultation, contact our lawyers at 800-681-1295 our schedule online today. Our Ventura County office is conveniently located in Oxnard, just off US 101 and Oxnard Boulevard.
Tax Planning in Ventura County
Our tax professionals can help you effectively plan to make the best financial decisions to lower your overall tax burden legally. We are very adept at servicing investors, entrepreneurs, business owners, and individuals and families considering estate planning. Hiring a Tax and Business Attorney to review your business decisions is important to the proper functioning of your company, and may help you grow your business and increase profitability. Additionally, if you are planning your will or placing assets into a trust for your children or heirs, it is vital that you take the correct estate tax considerations into account. Probate and estate taxes are often incredibly high, and proper estate planning is necessary to ensure that your heirs get the assets you worked hard to accumulate.
International Tax Requirements
If you have offshore businesses, investments or assets in another country, such as offshore bank accounts, foreign mutual funds, or any other financial account held overseas, the U.S. government has promulgated information and income tax filing requirements that likely apply to you. While the U.S. has strong control over domestic FDIC institutions like banks and credit unions that are subject to 1099 reporting on taxable amounts you earn with them, they do not have the same abilities to obtain information on taxable earnings in foreign banks and financial institutions. Therefore, the IRS and the U.S. government impose income tax and information reporting requirements that foreign account holders, or those with merely signature authority, must follow.
“Reports of Foreign Bank and Financial Accounts” must be filed every year your combined offshore bank account total exceeds $10,000 U.S. at any time during the calendar year. Failing to file an FBAR can lead to serious civil penalties, and where such noncompliance is willful, criminal consequences, which the government aggressively seeks. In addition, the Foreign Account Tax Compliance Act (FATCA) has its own requirements. In addition to filing an FBAR, FATCA may require you to file other forms, like IRS Form 8938. Failing to file this form can lead to additional civil and criminal penalties, even if you do file your FBARs. Talk to an International Tax Attorney today to understand your international income tax filing requirements and foreign information filing requirements for foreign accounts, businesses and investments.
Tax Crimes in Ventura County
Most tax crimes carry the possibility between one to five years in federal prison, along with expensive fines ($250,000 for individuals and $500,000 for Corporations) and the cost of prosecution. These penalties apply to crimes such as willful failure to file under 26 U.S.C. § 7203 or tax evasion under § 7201.
If you have a history of making serious errors or intentional misrepresentations on your taxes, talk to a Criminal Tax Defense Tax Attorney right away. You may be able to voluntarily amend your taxes, correct errors, and pay underpaid or back taxes before the government issues any criminal charges through a Federal and California Domestic Voluntary Disclosure. If you are already under audit (eggshell audit) or criminal tax investigation our Criminal Tax Defense Attorneys may be able to intervene to attempt to help you avoid criminal tax charges and penalties, or where the evidence is overwhelmingly in the governments favor, achieve damage control by minimizing inevitable the tax, penalties and interest (restitution) and incarceration time.
Ventura County Tax Audit Attorneys
If you were contacted by the IRS, or any California taxing agency, concerning an audit, it is a great time to hire an Attorney. Our Ventura County Tax Audit Defense Attorneys can help you deal with the IRS, defend your prior tax returns, file back taxes, and effectively protect your net worth and liberty during an IRS civil audit by preventing it from morphing into a criminal tax investigation where badges of fraud underlie your fact pattern.
Appealing the Results of an IRS or California FTB, (CDTFA, OAH, “BOE”) or EDD Tax Audit in Ventura County
If the IRS or a California taxing authority is not willing to come to a mutually acceptable final audit report because they have either the facts or law underling your audit fact pattern wrong, our Tax Appeals and Litigation Attorneys will zealously appeal the IRS, FTB, (CDTFA, OAH, “BOE”) or EDD decision. This may mean fighting them through a mediation process or taking your case to U.S. or California Tax Court. Our Audit Defense, Appeals and Litigation Attorneys will work to protect your rights, protect your net worth, and make sure you are treated fairly during your audit.
The “appeals” process, should be managed by a Skilled and Experienced Tax Lawyer due to the complexity of the procedures and evidentiary documentation involved. Without the benefit of effective and aggressive legal representation, it is easy for taxpayers to fall victim to the many pitfalls of the complicated IRS and California tax audit appeals and litigation process. Having an Attorney involved in your audit from day one is the best way to get treated fairly by a taxing authority that will invariably view, or color, the facts and circumstances and underlying tax law in your case in manner that generates additional taxes, penalties and interest if left unchecked.
The first step is to determine whether appealing is appropriate for your situation. Taxpayers should note that requests for appeals “based on moral, religious, political, constitutional, conscientious, or similar grounds” will not be approved by the IRS or California Taxing Authorities, whose criteria require appeals to be based strictly upon financial disputes. If our Ventura tax lawyers determine that you have grounds to appeal the findings of an IRS tax audit, we can guide you through each level of the multi-tiered process, which begins with a formal “protest letter” or tax court petition outlining the nature of and cause for your dispute, to be supported by relevant laws and facts. We will never counsel you towards an appeal or litigation unless we think we can better your situation by doing so.
Experienced Ventura County Tax Lawyers
If you have any Tax Compliance, Planning, or Controversy needs in Ventura County, talk to our Tax Attorneys, CPAs and EAs today. The experienced Ventura County Business Tax Lawyers at The Tax Law Offices of David W. Klasing are ready willing and able to help. Call 800-681-1295 or reach out to us online today, to schedule a reduced-rate initial consultation.
Ventura Tax Law Offices
For any of your tax planning compliance and controversy needs in Ventura, 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 805-617-4566 or 800-681-1295 or contact us online today to schedule a reduce rate initial consultation at our Ventura tax law offices, or at one of our other convenient locations across Southern California.