Tax work for individuals, closely held businesses and the people who own them.

Most clients come to us for one service and stay because we look at the whole picture.

Individual Tax Preparation and Planning

• Federal and California returns, plus nonresident and part-year returns in other states

• Investment, rental, K-1 and business income

• Real estate professional status and passive activity planning

• Married filing separately and community property returns

Business Tax Services

• S corporation, partnership, LLC and C corporation returns, federal and California

• Pass-through entity tax (PTET) elections for California owners

• Qualified business income (Section 199A) planning and reasonable compensation

• Research and development tax credits

• Year-end bookkeeping cleanup and reconciliation for tax filing

IRS and FTB Representation

• Responding to IRS and Franchise Tax Board notices

• Examinations and audits of individual and business returns

• Amended returns and refund claims

• Penalty abatement, payment plans and collections

Real Estate Tax

• Rental and commercial property returns and property partnerships

• Cost segregation and depreciation planning

• Repair versus capitalization analysis

• Transfers of property into LLCs and related property tax considerations

• Acquisition and financing structure from a tax perspective

Business Advisory

• Entity selection and structuring

• Tax review of acquisitions, investments and operating agreements

• Litigation support working alongside your attorney

Levihim Tax & Accounting is a tax practice. We do not perform audits, reviews or compilations of financial statements.