California Tax Laws Are Complex; A Law Stein Anderson Tax Attorney in Irvine, CA Can Help
Are you looking for a tax attorney in Irvine, CA? We understand that California tax laws are ever-changing and can be confusing for many people. As expert tax attorneys skilled with dealing with complex tax issues, we will help you navigate California tax laws so that you are in compliance and minimizing your tax liability.
Meet Zeb Law, Esq. LL.M., CPA
Zeb received his Master of Laws in Taxation from Georgetown University and his J.D. from The American University, Washington College of Law. Before practicing law, he worked as an accountant at KPMG in Washington.
Zeb’s law practice includes estate planning, business planning, tax planning, and trust and probate administration matters. Since the early 1990’s, Zeb’s use of complicated planning structures, including irrevocable trusts and family limited partnerships have saved his client families substantial taxes (we estimate the total savings as running well into the hundreds of millions of dollars).
Reduce Your Tax Burden by Tax Planning
According to Forbes, California has the 9th highest state income tax burden. California’s total tax burden is 9.72%. Moreover, California has the highest state tax rate in the country, with 13.30% charged on any income over $1 million. As your tax attorney in Irvine, CA, we can help you keep your wealth. We’ll point out where tax deductions, credits, and other incentives can be utilized, reducing your overall tax burden.
Tax planning evaluates an individual’s or business’s financial situation concerning taxes. The purpose of having a tax plan is to maximize your tax efficiency by working to minimize your tax liability. There are various ways to reduce tax liability. Common options include tax-efficient mutual funds, irrevocable trusts, charitable funds, municipal bonds, and traditional/Roth IRAs.
It is crucial to consider the following when devising a tax plan:
- short and long-term financial goals
- the choice of investments/retirement plans
- the cost benefit of your tax planning options
- your filing status with respect to deductions, exemptions
- maintaining tax compliance
Have Peace of Mind With a Law Stein Anderson Tax Attorney by Your Side
Our tax attorneys offer numerous services, including business matters such as drawing up business contracts, advising on business tax cases, employment tax disputes, and employment tax reporting. Additionally, we provide advice about international tax considerations such as the foreign accounts tax compliance act (FATCA), foreign bank account reporting (FBAR), and international tax planning.
Regarding taxes, we are here to give you peace of mind. After hiring a Law Stein Anderson tax attorney, you’ll rest assured knowing you are receiving the best possible tax representation and advice. Furthermore, we know that your financial information is sensitive. For this reason, we are committed to confidentiality.
Read our latest news & articles regarding tax planning:
What Is the Generation-Skipping Transfer Tax?
In this month’s newsletter, we provide a comprehensive understanding of the Generation-Skipping Transfer Tax and its implications. With each transfer of wealth, federal estate taxes are collected. Typically, money goes from spouses to children, then grandchildren, and so on, with taxes collected each time. Wealthy families discovered they could avoid estate taxes by giving money…
Continue Reading What Is the Generation-Skipping Transfer Tax?