Posted by anonymous
David Klasing advertises to be a Bitcoin tax attorney but it because quickly apparent that he didn't even know what Bitcoin was or how it worked on our initial consult. During the call, I told him that I had hundreds of thousands of dollars in capital gains from cryptocurrency investments that I needed advice on how/when to cash out, legally albeit, to minimize capital gains. David told me that I would be lucky if I ever got my initial investment back because cryptocurrency seems like a Ponzi scheme to him. Then, he asked me if I had purchased any drugs or hookers with the Bitcoins and told me that I should be scared of what might happen to me if I did these things without paying quarterly estimated taxes. I assured him that I was simply an investor but he didn't buy it. He kept pushing and went down a rabbit hole about how criminals believe Bitcoin is anamous but that experts like him know that the blockchain records all transactions. Duh! Anyhow, I think I finally convinced him that I wasn't a criminal and even while he still was thinking I was involved in a Ponzi scheme, I proceeded to ask if he could help me cash out. David said that cryptocurrency to cryptocurrency trades are not considered like-kind 1031 transactions but then went on to say that trading in and out of these currencies is not a tax event. I calmly explained to him that I understood that 1031 claims were the means by which one could claim that a crypto to crypto trade is not a tax event and he got very agitated. He told me that he did not want to argue and that our time was up. I will say that our fifteen minutes was actually up; however, his secretary mentioned on my intake call that he would gladly go over time with me as he often does with clients. Anyways, I don't recommend this old man Bitcoin attorney who got into the niche business because he believes all of the negative press Bitcoin receives. He got into the industry because he expected clientele who had been using "falsely anonymous" Bitcoin for criminal activity on the dark webs. He made the comment that he did not understand why he was receiving 18 calls a day from investors who claimed to have 10x - 30x their portfolios in short time horizons. Mr. Klasing - just look at the charts. That's why you are getting the calls. Read up on the industry and quit telling your prospective clients that Bitcoin is a Ponzi scheme. The market dictates the price so I can assure you that I was get my initial investment back and spend it on another lawyer.
Posted by Michael
David was kind enough to consult with me on a FTB appeals matter. I appreciated his direct and honest advice about my most logical plan of action. He was incredibly knowledgeable and helped me make some important decisions.
Posted by Melissa
David gave me honest feedback, and helpful direction regarding an appeal of an EDD audit. He understood the level of challenge related to my case, as well it's importance to me, and responded in a professional caring manner.
Posted by Michael
As a both an experienced CPA and tax attorney, David offers the few points of both which is very valuable and necessary. Would recommend to talk to him for tax problems your client may have especially if there is any possibility of criminal charges due to unfilled tax returns.
Posted by OCRealtor
My husband and I are real estate agents and were under audit for 2006 & 2007 in an “egg shell audit” against our preparer. When we first met with our preparer he presented us brochures touting that he could reduce any client’s tax liability by at least 40%, had lines out the door and came highly recommended.
He advised us that his strategy was completely legal. He created 1 California S Corp and 4 Nevada C Corps. He had us use a different fiscal year end for each C Corp, staggered with year ends of 3/15, 6/15, 9/15 & 12/31. He advised us to stagger income out from the CA S Corp to the NV C Corps as management fees. He also advised us to place our yacht into one of the NV C Corps and illegally deduct it as business expenses.
An E.A. advised us to stonewall the IRS. This resulted in the IRS taxing all income in the audited CA S Corp while disallowing all expenses which had the IRS attempting to assess $250K. They started to expand the audit to the NV Corps, which would have greatly expanded our own criminal tax exposure for acting on the horrible advice we were given.
We hired David just as the assessment was about to be finalized and thus legally collectible. David informed us that the strategy illegally reduced our taxes by ignoring the controlled group election rules for the corps. It illegally ignored CA income taxes of the 4 NV C Corps and the management fees were sham transactions. David filed an appeal and the through the appeals process negotiated audit reconsideration for us. He negotiated our own criminal tax exposure away through total and absolute cooperation with the IRS and by amending all subsequent years’ returns that had followed the same “scheme”. The IRS used the information gained during our new audit to build a criminal case against our preparer who is currently being charged with aiding and abetting income tax evasion. We are very grateful to David. We highly recommend David Klasing and believe he is a superb Tax Attorney.
Posted by anonymous
I own a multi-million dollar business and I came to Dave with an accounting nightmare; poor records, disorganized books and tax liabilities into the 100’s of thousands of dollars going back several years. My situation could have gotten very ugly without proper professional help. Dave and his team went to work untangling my books and cleaning up my accounting, including the production and filing of amended returns. Dave placed himself between me and the IRS for the entire process; I never had to directly deal with the IRS or any other agency. As can be imagined, this was a nerve racking experience and Dave’s confident, reassuring nature helped me tremendously in getting through it. I’m very satisfied with the quality of service I received from Dave and his team and I recommend them without reservation.
Posted by anonymous
I highly recommend David for his services. I still do not know how he managed to handle the "mess" I presented him with, but he did it very successfully. I was being audited by the IRS, for the first time, and the stress level was high. I had never dealt with that before and I am definitely not an accounting guy. The original tax estimate that I had to pay was roughly 70K with no penalties. In this economy and with a non-working wife and a baby I was freaking out. David and Anne spend a lot of time gathering all the documents and properly reviewing for the audit. It did take us 2 month to collect everything but we were able to present a good case. I was actually interviewed by the IRS myself with David present. It took exactly 3 months from start to finish to get the final verdict which was outstanding. David managed to get me a refund one of the years and pay only 10K for the other year in question. Overall my net liability was 3K, signed and sealed. My wife and I could not be happier and that's why we are staying with David from now on as out accountant and tax specialist. Thank you Dave and Anne!
Posted by anonymous
I came to Dave and his associates with a complex issue regarding a non-profit. Others may have looked at it as hopeless. They recognized our service to the community, and committed to help us resolve our tax problem. I found Dave and his associates to be knowledgeable, kind and hardworking people that know tax law inside and out. They were very sensitive to our request to find a solution so that we could continue to help the community. With their assistance, we were able to immediately open the channels of communication and start on the path to resolution of the tax issue. I am immensely grateful for thier help.
Posted by Krisztian Romvari
After getting an audit notice from the IRS I googled tax attorneys and found David. I called him and he immediately impressed me with his expert advice and confident approach. After meeting with him the next day, my wife and I were 100% certain that we choose the right man for the job.
My audit was handled via mail and the dreaded face to face in person probing was avoided. Without David, we would have been in a much different position.
He follows up to your requests quickly and professionally, which is very
important in my book. I am certain it was his experience and confidence in dealing with our auditor that kept us out of the IRS building.
I strongly recommend him, in fact he is our new tax preparer, he promised to keep us out of trouble from now on.