TAX MATTERS

Whether you have a tax problem as an individual or a business, our firm will work hard to ensure that you only pay your legally obligated requirements and not a penny more.

Individual Tax Representation

Tailored representation based on client’s needs.
Analysis of client’s assets and liabilities
Review of IRS documentation
Representation of the client in front of the IRS Officer*.
International tax matters involving FBAR streamline filings.

Business Tax Strategy Planning

Analysis of the business operations to identify areas which qualify for tax exemptions.
Documented assistance for financial advisors to support tax positions on specialized and complex tax matters.

Research and Development Tax Credits

If your business is based on scientific, technological, engineering, environmental management, or software design, you may qualify for R&D Tax Credits which help keep more capital.

R&D TAX CREDIT INFORMATION: CLICK HERE!

Non Profit Taxation: Do Tax Exemptions Apply?

by mchuah | May 17, 2022 | Business, Tax | 0 Comments

ARTICLE: When someone is presented with the term “non-profit”, there is an automatic assumption that a non-profit equals charity, and by default tax exempt. Nothing can be further from the truth. We provide a top level discussion next. A non-profit organization is...

Considering Bankruptcy to Get Rid of Back Taxes? Here Are Some Options.

by mchuah | May 17, 2022 | Tax | 0 Comments

ARTICLE: If you are drowning in debt and working harder and harder to make ends meet, you may think a bankruptcy filing is the only way out, but that is not necessarily the case. Filing for bankruptcy is one solution, but it is a drastic step that should only be taken...

AB-5 and AB-2257: What CA Business Owners and Independent Contractors Need to Know.

by mchuah | May 17, 2022 | Business | 0 Comments

ARTICLE: On September 18, 2019, California enacted AB5 into law. If you have not been keeping up, AB5 targets businesses that use independent contractors to help support their operations. On January 1, 2020, all persons working for a business are presumed employees...

Estate Planning: The Difference Between a Trust and a Will in California

by mchuah | October 12, 2022 | Estate Plan | 0 Comments

ARTICLE: When most people hear about trusts and wills, they automatically think that’s something for the rich people to worry about. What most people don’t know is that a solid trust or will provides a plan to make the least amount of disruption to you and your...

LLCs: Why a Good Operating Agreement Counts

by mchuah | May 17, 2022 | Uncategorized | 0 Comments

ARTICLE: Limited Liability Corporations (“LLC”s) are an interesting business entity that allows entrepreneursto operate like a general partnership but retain the majority of protections of a corporation. One of the key components during the formation of an LLC is the...

Investing your 401(k) in yourself – Pros and Cons of a Rollover for Business Start-ups Conversion

by mchuah | December 27, 2022 | Business, Tax | 0 Comments

ARTICLE: Recently, we have been asked a lot of questions about the Rollover for Business Start-ups (or “ROBS”) by folks interested in starting their own businesses. This article is a very high level general summary of the pros and cons of the ROBS plan and it is very...

Did You Make Money with Cryptocurrency? How to Get Right with the IRS

by Martin Chuah | September 11, 2022 | Tax | 0 Comments

ARTICLE: For early adopters of Bitcoin, Ethereum and other popular cryptocurrencies, the profit potential has been simply stunning. While there have been some heart stopping moments and frightening ups and downs, the clear long-term trajectory has been upward. If you...

I’M TOO YOUNG TO HAVE AN ESTATE PLAN!! (AND WHY THAT’S NOT TRUE!)

by Vanessa Centina | October 11, 2022 | Estate Plan | 0 Comments

ARTICLE: Whether you’re just finishing up college or trade school, or got lucky with a small cryptocurrency investment, many younger people don’t think they need an estate plan. The biggest perception is that they don’t need to do any end of life planning unless they...

Contracts: Why Do We Need Them?

by mchuah | October 27, 2022 | Business | 0 Comments

ARTICLE: When most people think about contracts, the first thing that comes to mind is normally a big document that is filled with a lot of “legal stuff”. But if you own or run a business, it’s one of the most important tools you have to making sure things move...

Basics of Mergers and Acquisitions

by mchuah | August 1, 2023 | Business | 0 Comments

ARTICLE: If you have been following financial news, you have probably seen a lot of buzz for mergers and acquisitions (or "M&A") as more and more companies seek to consolidate or diversify their business operations. This has been especially true post-pandemic. ...

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Ste 500
Pasadena, CA 91106

Phone

213.878.2628

Email

advisor@paxterralaw.com