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2024

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Best Tax Services in Torrance, CA

Our Recommended Top 3

We did the research for you!

  • Licensing
  • User Reviews
  • Mystery Shopping Calls

Our goal is to connect people with the best local professionals. We scored Torrance Tax Services on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

35Reviewed

22Curated

3Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Torrance, CA

Expertise.com Rating

Review Sources

Yelp
3.2 (13)
Google
5.0 (1)
Facebook
5.0 (1)

Why choose this provider?

911 Tax Relief works with small enterprises and professionals in Torrance. Its enrolled agents assist clients in reducing their taxes to achieve their financial goals. They prepare and file taxes to prevent failure-to-pay penalties, interest accumulation, tax levies and liens, and wage garnishment. They also negotiate partial pay installment agreements to help taxpayers qualify for the PPIA forgiveness program. In addition, they offer audit representation services. 911 Tax Relied caters to those in the real estate, construction, and automotive sectors.

  • End tax debt
  • Tax debt forgiveness program
  • Stop IRS collections
  • Financial freedom from taxes
  • IRS Audit Defense
  • Tax debt solutions for businesses
  • Innocent Spouse Relief
  • IRS wage garnishment relief
  • Tax lien removal
  • IRS payment plans
Gnesist logo

GnesistExpertise.com

Torrance, CA
Website
Free Consultation

Expertise.com Rating

Why choose this provider?

Gnesist creates tax planning strategies for businesses, professionals, and nonprofit organizations in Torrance. It has different advisory and support packages, including the collection of necessary forms and documents and the preparation and filing of income tax returns. It also assists new businesses in meeting formation requirements. In addition, the firm performs expense and income tracking, invoicing, and inventory management. Gnesist's tax and accounting specialists leverage over 15 years of industry experience to help clients improve their financial health.

  • Accounting Services
  • Tax Planning
  • Business Tax Services
  • Bookkeeping Services

Torrance, CA

Expertise.com Rating

Review Sources

Yelp
4.9 (548)
Google
4.9 (337)
Facebook
4.9 (29)

Why choose this provider?

Dimov Tax Specialists offers full-service accounting and tax solutions for clients in and around Torrance. Its team handles business taxation matters involving corporations, partnerships, sole proprietorships, and LLCs. It assists in filing different tax reports, including federal forms 1065, 1120-S, 1120, and 1040 Schedule C. Additionally, it creates tax strategies for enhancing profitability and minimizing liabilities. Dimov Tax Specialists also deals with individual taxes, including multi-state, international, and capital gains. Its clientele includes professionals from Square, Facebook, GE, and PayPal.

  • Individual Tax
  • Business Taxes
  • Accounting
  • Audits
  • Consulting

Compare our Top Tax Services

NameExpertise RatingAddressPromotionsLearn more
911 Tax Relief
Torrance, CACall for quote
Gnesist
Torrance, CAFree Consultation
Dimov Tax Specialists
Torrance, CACall for quote

FAQs

  • Introduction

    In the early spring of every year, nearly everyone has a decision to make — should you try to file your taxes on your own or hire a tax professional? There are pros and cons to each option. For example, hiring someone to do your taxes isn't free, but it will ensure that you can take advantage of everything at your disposal when filing your tax returns.


    Ultimately, the decision about whether to hire a tax professional will come down to factors such as the complexity of your tax situation and whether you'll be able to file them on your own.

  • When can I file my taxes?

    You can file your tax returns between getting access to your annual income information and Tax Day. In most years, federal Tax Day occurs on April 15, but in 2020 and 2021, tax deadlines were delayed because of COVID-19, extending the filing period. 

  • How much do you have to make to file taxes?

    State and local minimums to file taxes vary concerning where you live. The federal minimums fluctuate depending on your age, filing status, and tax year. For example, if you filed in 2020 as single and under 65 years of age, your income needed to be at least $12,200.

  • Do I have to file taxes?

    If your income over a calendar year exceeds the threshold for your age group and filing status, you must file a federal tax return for that year. State and local rules vary. For example, there are some areas that don't have income tax at all and have different rules for filing taxes.

  • What happens if you don\'t file taxes?

    If you don't file and pay your taxes by the deadline, unpaid taxes will incur interest up to 25% of the unpaid amount. This, in addition to the unpaid amount, will be what you owe the IRS. Different states treat unpaid taxes differently and penalties range from fines to jail time.

  • How do I file taxes?

    Filing taxes involves getting your annual income documents and statements and filling out a tax return, which will tell you the amount you owe for the year. You can choose to fill out your returns yourself and mail them or file online. Or, you can hire a professional to fill out and file the returns for you.

  • How do I file taxes for free?

    There are several services that offer free filing of federal tax returns. The most notable are online services, including IRS.gov and TurboTax. You can also look around for community organizations that offer tax filing for free as a service for community members, including the local library.