TAXATION LAW

Bakersfield Taxation Attorneys Helping To Safeguard Your Finances

Taxation Law | Young Wooldridge, LLP helps individuals and businesses with a range of tax issues including estate taxes, income tax audits and litigation. Established in 1939, the firm has the experience and knowledge necessary to get you a positive result on your tax problems, no matter how complex they may be. Attorney Chris Hamilton holds a Master of Laws in Taxation and specializes in complex tax matters, wealth management, business formation, probate and estate planning.

Handling a Range of Tax-related Issues

When you need assistance, Young Wooldridge, LLP provides assistance in cases involving:

Complex Tax Matters
Wealth Planning
Tax litigation and representation
Sales tax audits
IRS-related issues
California tax issues
Penalty abatements
Trust fund recovery penalties
Conservation Easements
Tax Planning
Wealth Management
IC-DISC
Income tax audits
Offers in compromise
Installment payment agreements
Individual and business tax planning engagements
Releases of levies and liens
Tax amnesty cases

What Tax Rules Apply to Estate Planning?

Many people have important questions about the type of estate plan that is best for their family. The tax code is constantly changing — sometimes with major revisions and rewrites. An experienced tax attorney from Young Wooldridge keeps abreast of all these changes and helps you make the right financial decisions.

  • Estate tax — The tax code currently allows for a $5.25 million exemption for estate taxes, which includes gifts given during the person’s lifetime. For all practical purposes, most estates are immune from estate taxes — one estimate is that only 3,800 estates will be taxed in 2013. An estate-planning attorney may be able to use trusts and other devices to give you even more protection and keep your money tax free well into the next generation.
  • Gift exemption — Some people give their inheritance to their children in advance as an annual or monthly gift. The recipient does not have to report the gift as income for federal income tax purposes. Current rules allow you to give up to $14,000 per person per year, which sounds like enough — but it can run out quickly when considering college expenses and rising real estate prices. An experienced financial planning attorney in Bakersfield can partner with you to determine the best way to distribute your assets.

Helping You Avoid Unnecessary Costs

Young Wooldridge LLP in Bakersfield, California offers effective taxation services for individuals and businesses. Contact Young Wooldridge LLP, at 661.327.9661 or online, to schedule your confidential consultation.

For more information on our tax-related services, please see our Tax blog