Tax Law

Taxes pose some of the most frightening challenges for individuals and businesses alike. They are confusing and expensive and bring the full weight of the government against you.

Tumer & Sharif has the experience and knowledge to help you with your tax challenge. Whether it is an overdue tax bill, unfiled taxes or a threat of liens and levies, we can help.

If you are worried about your taxes or have received an official letter from the IRS or the Franchise Tax Board, call Tumer & Sharif. We will help you understand your situation, the level of risk and give you a plan to move forward.

Tax Planning

Are you paying too much in taxes? Many businesses and business people are, especially in California. See if you can save money by reorganizing your business or taking advantage of existing tax credits and deductions. A little planning goes a long way.

Tax Court and Tax Bills

If you have received a letter from the IRS or the Franchise Tax Board, you need to see a tax professional immediately. Tax problems don’t work like other matters – often, you lose the right to contest the debt if you wait too long.

Tumer & Sharif will explain what is going on, give you positive options for action and help you get the tax man off of your back.

FBAR Filings

In the last 10 years, the United States has made strong moves to find and punish tax cheats hiding their money in overseas bank accounts. Now, most countries in the world have signed treaties promising to give the IRS the foreign bank records of US taxpayers, including famous bank havens like Switzerland. Although this was meant to find cheats, it has caught a lot of innocent people in its net.

 

If you have more than $10,000 in foreign banks, you could soon be in for a big surprise. Tumer & Sharif specializes in helping people avoid the massive penalties for unreported foreign bank accounts. There are several amnesty programs in place, but it is difficult to comply with the requirements on your own. Tumer & Sharif can help. Call us today to protect your money from these penalties