Trusted Income Tax Solutions in the Heart of Koreatown
From simple W-2s to complex investment portfolios, we handle your taxes with precision and care, ensuring maximum returns and peace of mind.
Personalized Tax Planning That Protects Your Financial Future
Bilingual Tax Expertise That Speaks Your Language
Navigate complex tax situations with confidence, supported by CPAs who understand both American tax law and Korean business culture.
Full-Service Tax Solutions for Every Financial Situation
From simple returns to complex portfolios, we handle everything while keeping you informed and confident throughout the process.
Your Trusted Tax Partner in Los Angeles Since 1988
Rest easy knowing your taxes are handled by experienced professionals who prioritize accuracy, compliance, and your financial well-being.
Comprehensive Tax Solutions for Every Need
At Lim and Lim, we transform tax preparation from a yearly challenge into a seamless experience. Our team specializes in handling diverse tax situations, from straightforward W-2 returns to complex international income scenarios. We work proactively to maximize your deductions while maintaining full compliance with current tax regulations.
Our service extends beyond tax season, offering year-round support and strategic planning. We understand the unique considerations of our diverse client base, providing bilingual assistance and expertise in international tax matters. With our systematic approach, you'll have peace of mind knowing your taxes are handled professionally and accurately.
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FAQs
Common Questions About Personal Income Taxes
Start by gathering your income documents (W-2s, 1099s), expense receipts, and previous year's tax returns. We'll provide a detailed checklist based on your specific situation. For business owners or those with multiple income sources, we recommend quarterly check-ins to ensure optimal tax planning.
Essential documents include:
• Income statements (W-2s, 1099s)
• Investment income records
• Property tax statements
• Charitable donation receipts
• Business expense records
• Foreign income documentation (if applicable)
We'll provide a customized checklist during your initial consultation.
Yes, we specialize in managing international tax situations, including foreign income reporting, FBAR requirements, and Korean pension income. Our team stays current with international tax treaties and reporting requirements to ensure complete compliance while maximizing available deductions.
If you have a straightforward W-2 income with no major deductions, DIY tax software may suffice. However, if you have investments, real estate income, a small business, or itemized deductions, hiring a tax professional can help you optimize your return, avoid errors, and stay compliant with IRS regulations.
Phone
Speak directly with a CPA about your accounting or business needs during business hours.
Office
Schedule an in-person consultation at our convenient Koreatown location on Wilshire Boulevard
Related Services
From tax planning to business advisory, our comprehensive services work together to maximize your business's financial potential
Skip the Tax Season Stress, Talk to Our Tax Team Today
Schedule a consultation today and experience the peace of mind that comes with professional tax expertise.
