Tax Planning/Tax Opinions
- The Nature of Taxes
- To Save Taxes You Need Tax Planning
- How We See the Tax Law
- What we can do for you
- Tax Savings Strategies
- We Work for You
- Who We Are
- What We Do
- In More Detail
There are taxes on virtually anything you can imagine, most particularly those involving commerce. Where the money is, there the tax collector goes. Like the bank robber of folklore who said he robbed banks because that is where the money was, the government seeks to tax those who have the money and where money is made.
The tax law is voluminous and expands each and every day. It is continually increasing in complexity. You need a professional to guide you, advise you, lead you, and protect you. That’s what we do. D. Steven Yahnian has advised upon, provided written opinions for, and represented in audits and judicial proceedings thousands of matters.
Are you certain you’re taking advantage of every legally available tax reduction or avoidance strategy?
Are you aware you need tax planning or a written tax opinion?
Are you preparing to enter into a business transaction, form a new entity, or acquire or sell real property? If so, are you obtaining the best tax advice? Do you have a tax planner or a tax preparer? At YAHNIAN TAX, we are both tax planners and also prepare tax returns. What’s the difference?
There are tax planners. Planners analyze a client’s situation and apply tax savings techniques to the situation. Tax preparers prepare tax returns. There are tax preparers who can put the “right” numbers in the right boxes on the right tax forms. . But is your tax advisor and/or preparer advising you of or implementing the legal tax deductions or taxable income reduction strategies that might be available? When was the last time your tax preparer told you that they have a tax idea that will save you taxes? As tax preparers, we know the tax forms. Tax preparation makes us better tax planners because we know where a tax planning strategy will show up on the tax return and having that knowledge also makes us better able to visualize how to structure a transaction because we are able to see how everything on a return works together and flows on the return, including subsidiary tax schedules that feed tax calculations to a summary reporting form in the tax return. Alternatively, tax planning makes us better tax preparers because we are made cognizant that there may be more than one right way to report a transaction on a taxpayer’s tax return, with one way giving better tax results than an equally applicable other way.
So, are you getting tax savings ideas from your current tax advisor or preparer? If you aren’t, possibly we can assist you.
Planning is the key to successfully and legally reducing your tax liability. We go beyond tax return preparation. We proactively recommend tax saving strategies to maximize your after-tax income whether by discovering legally allowable deductions or tax deferral and avoidance strategies.
Its our objective to stay abreast of tax law developments, including those of the tax code, as well as new cases and the many new tax regulations enacted each day.
It is also our objective to assist Businesses and individuals in finding legal ways to incur and pay the lowest amount of taxes allowable by law. We achieve this by continually looking for ways to minimize your taxes throughout the year, not just at the end of the year.
- Grow and preserve assets by keeping the government from taking more than you legally owe;
- Defer income so you can keep your money now and pay less taxes later.
- Reduce taxes on your income so you keep more of what you make.
- Plan, design and implement tax free transactions
- Reduce taxes on your estate so your family keeps more of what you've made.
- Reduce taxes on your gifts so you can give more.
- Reduce taxes on your investments so you can grow your wealth faster.
- Reduce taxes on your retirement distributions so you can retire with more money
- Maximize tax savings on interstate/multi-state activities;
- Maximize tax savings on international transactions;
- Splitting income among several family members or legal entities in order to get more of the income taxed in lower bracket.
- Shifting income from one year to another in order to have them fall where it will be taxed at a lower rate.
- Delaying payment of a deductible expense into the next year in order to stack expenses that may be subject to gross income percentage limits;
- Shift or accelerate expenses from one year to another in order to get better tax reduction or tax savings because applicable tax rates may vary from year to year depending on gross income variances from year to year;
- Deferral of tax liabilities through certain congressionally favored retirement plan incentives such as pension plans, contributions and other similar plans.
- Advising upon investments producing tax exempt income
- Discovering tax deductions by structuring your investments to pay for things you enjoy, such as a vacation home, hobby, or travel;
- Using Interest Charge International Domestic Sales Corporations to reduce domestic taxable income;
- Forming Captive Insurance Companies to reduce taxable income
- Forming and utilizing Interest Charge- DISCs;
- Advising upon and planning tax free like kind exchanges;
- Advising upon and planning tax deferred transactions;
- Advising upon and planning tax free entity formations, reorganizations and liquidations.
- The Internal Revenue Service (IRS),
- California Franchise Tax Board (FTB),
- California Board of Equalization (BOE),
- California Employment Development Department (EDD) and
- Other local taxing authorities.We also represent businesses, individuals, and estates at all stages of federal, state, and local controversy and litigation, and we have significant experience and insight into the limits of the law with regard to domestic and international tax issues.
- domestic and international tax-saving strategies, such as the following
- business taxes,
- mergers and acquisitions,
- asset protection planning,
- estate planning,
- real estate transactions,
- alternative minimum tax planning,
- spin-off and trust tax planning,
- business entity and jurisdiction selection,
- corporate reorganization,
- captive insurance companies,
- DISCs, and
- other tax matters.
- estates and trusts
- other tax professionals,
- other non tax legal advisors,
- S Corporations;
- C Corporations;
- Trusts and Estates;
- Pension Plans;
- Income taxes
- Gift Taxes
- Estate Taxes;
- Excise Taxes;
- Payroll Taxes;
- Sale and Use Taxes;
- Non profits and tax exempt entities;
- Qualified and non qualified retirement plan issues;
- Multi-State tax issues;
- International Taxation matters;
- Help for other Tax Professionals;
- Help for Taxpayers and their Advisors;
- Pre -Transaction planning
- •Pre-Transaction structuring and restructuring;
- Post -Transaction analysis;
- Written opinions that taxpayers or tax professionals may rely on to support the structure of a transaction and to reduce taxes;
- Written opinions that taxpayers may rely on to support later avoidance of tax penalties if the tax authority or the court disapproves of the structure of the taxpayer transaction or tax reduction strategy;
- Tax Audits, Appeals and Litigation tax opinions and memorandums for use in tax disputes and litigation during audit, appeals or court proceedings;
- Second opinions