Frequently Asked Questions
Why do people need a tax attorney?
Who better to interpret the complex tax law and advise you of your rights, including deductions, then an attorney specialized in taxation. Moreover, a tax attorney is uniquely qualified to represent clients from initial contact with the tax agency all the way through tax court.
Does your law firm litigate on all tax issues with the IRS?
Yes. If a client’s facts warrant filing a petition our firm will assist the client in litigation against the IRS in U.S. Tax Court.
Can a tax attorney provide the same services as a CPA?
A tax attorney can provide the same services as a CPA, i.e. tax return preparation, Offer-in-Compromise, Payment Plans, representation in an audit. The only exception is with regards to attested financial statements, i.e. Certified Audit Reports. Additionally, tax attorneys can represent the tax payer in court. No other profession, including CPAs can offer that service.
What if I had assets overseas but am domiciled in California, can your law firm help structure tax and estate matters?
Yes. We have quite a few clients with foreign assets and advise them not only the tax ramifications but also assist with their estate planning needs.
How often should an estate plan be updated?
There is no specific time frame in which to update your estate plan. I usually advise my clients that if there is a major change in the family situation, i.e. divorce, death, retirement, increased wealth, that they sit down with me to discuss whether their estate plan still accomplishes their goals.
Is it wise to involve a tax attorney during a pending divorce?
Yes. Divorce can have major tax implications for the client especially when retirement accounts, alimony/ family support, businesses, and real estate are involved.
Does your law firm protect assets both personal and business?
Yes. Clients have to be careful in protecting their assets whether personal or business. Entity selection, i.e. corporation vs. LLC, tax consequences, fraudulent transfer laws, gifting, etc. all have to be considered.
Can your law firm help a new business with incorporation and tax advice?
Yes. We are uniquely qualified in that we can recommend which entity is best for you from both a legal and tax standpoint.