Guardian Tax & Realty

Guardian Tax & Realty works on tax relief and real estate tax planning in Southern California. Clients facing IRS levies, liens, wage garnishments and bank levies come to the practice, and property owners and investors use it for the tax side of their deals.

Tax debt relief and collections

The firm says it can stop a wage garnishment or bank levy, negotiate a monthly payment plan, release or withdraw a tax lien and relieve a spouse of a tax debt. It also contests or settles existing tax liabilities and works to minimize the liability from unpaid payroll tax.

Representation before the IRS and state agencies

Enrolled agents represent clients before the IRS, and the firm represents clients in tax audits and payroll audits nationwide. It handles state and federal representation for tax delinquencies and deficiencies, and it files back tax returns for several years where a client has missed them.

Tax preparation, sales tax and business guidance

Income tax returns are prepared and filed electronically for individuals. The firm also provides corporate and business tax guidance and sales and use tax help. It builds a personal filing system so that clients can keep their records in order for the year ahead.

Real estate tax planning

Real estate tax planning covers the purchase, sale and financing of business, commercial and residential property. The firm structures SBA loans for buying businesses, advises on the choice of entity for owning and operating property, and facilitates 1031 like-kind exchanges to defer tax on gains. Partnership and LLC agreements are structured to meet IRS rules, and the firm assesses the tax effect of ownership changes and of transfers of property between entities. Federal and state incentive tax credit planning is included.

Reporting, restructuring and lending

The firm provides compilation, review and audit engagements for businesses, with timely financial reporting. Clients who started businesses in the 1990s and 2000s came back for help with taxes, audits, liens and levies, and in more recent years the firm has restructured business entities to reduce their tax profile. It has also arranged commercial real estate lending and tax planning for small and large businesses.

A South Bay tax practice since 1984

The firm began in 1984 with tax preparation for individuals in the South Bay of Los Angeles, serving Torrance, Hawthorne, Palos Verdes, Rolling Hills, Gardena and the wider Los Angeles area. Its real estate services are provided under a state real estate license.