It’s 2015, and the start of a new year often signals the beginning of tax return preparation for many San Diego businesses and professionals. 2014 brought substantial changes to the tax codes, both at a federal level and here in California. The impact of foreign business accounts or ownership interests on American businesses, US expatriates and taxpayers has profound implications moving forward. It is important to seek the advice of an experienced and proven tax attorney with the rescources of a traditional “Big 8” firm.
LLCs and many corporations will be pulling together important data and supporting information to aid in the preparation of tax returns. There are still decisions you can take that will reduce or defer portions of your 2014 tax liability. If you have issues with the IRS or California tax agencies it is important to work with legal professionals who can extend the protections of the attorney-client privilege. This important legal shield allows you to share all information with us, without fear of having it subpoenaed by the IRS or another agency to be used against you.
If 2014 was a highly profitable year, you may wish to seek guidance on the steps you can take to preserve as much of that revenue as possible. We invite you to call us for a free consultation at 866-631-3470, and we will help to answer some of the questions you have and position you to thrive in 2015.
