About the Firm
About James S. Wang, CPA
James S. Wang is a California Certified Public Accountant based in Los Angeles. His practice provides federal and state tax preparation, planning and advisory services to closely held businesses, business owners, real estate investors, individuals, trusts and estates.
James developed his experience in established public accounting firms, working across individual, business, fiduciary and accounting matters. He established this practice to give clients the technical perspective of public accounting with the continuity of working directly with the CPA responsible for the engagement.
Engagements can be handled remotely through secure document exchange and scheduled meetings.
A Direct CPA Relationship
James remains involved from the initial fact-finding through preparation, review and explanation. Clients communicate with the CPA responsible for understanding the facts and reaching the tax conclusion, rather than being handed off after an introductory call.
This involvement is particularly useful when the tax work crosses more than one return. A business transaction can affect the entity and its owners; bookkeeping can affect compensation and estimated taxes; and an estate distribution can affect both the fiduciary return and the beneficiary Schedule K-1.
Areas of Practice
Business and individual tax
Forms 1040, 1065, 1120-S and 1120; rental real estate; owner compensation; multi-state filings; estimated taxes; and transaction planning.
Trust and estate tax
Forms 1041, 541 and 706; portability elections; final individual returns; fiduciary distributions; and beneficiary Schedule K-1 reporting.
Notices, planning and accounting
IRS and FTB responses, tax projections, entity and transaction analysis, bookkeeping, cleanup and year-end financial reporting.
Contact
For a new engagement, provide the service needed, the tax year involved, and any filing or response deadline.