Zaher Fallahi

Zaher Fallahi

Zaher Fallahi, Attorney At Law
  • Business Law, Estate Planning, Probate...
  • California, Federal District California Central District
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Summary

Zaher Fallahi, Attorney At Law, CPA, is a California Tax Law Firm and practices as Orange County Tax Attorney and Los Angeles Tax Attorney. We advise clients with undisclosed Foreign Accounts; the IRS Offshore Voluntary Disclosure Program (OVDP), Streamlined Filing Compliance Procedures, Report of Foreign Bank and Financial Accounts (FBAR), Foreign Account Tax Compliance Act (FATCA), Foreign Trust, Tax Audit Representation, Federal Tax Liens/Levies, Employment Taxes, Innocent Spouse Relief, Non-Filed Tax Returns, Offer-In-Compromise, Tax & Legal aspect of Business Formation, Estate Planning and Civil Litigation. As a California CPA, Mr. Zaher Fallahi testifies before the court as an expert witness on tax and accounting matters. We advise trial lawyers on tax-advantageous settlement agreements within the provisions of the Internal Revenue Code Section 104; tax-exempt awards, assist the winning parties with taxability of the settlement and awards, and the losing parties with tax deductibility of the judgment and legal fees. Zaher Fallahi is an OFAC Sanctions Attorney and advises clients on the US Treasury Office of Foreign Assets Control (OFAC) Regulations concerning Iran Sanctions. Our clients, who come from over 30 foreign countries and many states, are the most valuable assets we possess and we are committed to protecting their interests zealously within the law. Zaher Fallahi, Attorney At Law, has been rated 10 out of 10 by Avvo Rated 10 of 10 . Zaher Fallahi, Tax Attorney, has been ranked a top tax attorney TOP Tax Attorney About 1.8% of the U.S. lawyers are also CPAs, and we are proudly one of them. Locations: Los Angeles; (Westwood & Wilshire) 10866 Wilshire Blvd., Suite 400, Los Angeles, CA 90024, Tel: (310) 719-1040 Orange County (South Coast Plaza); 650 Town Center Dr., Suite 880, Costa Mesa, CA 92626 Tel: (714) 546-4272 Website: http://www.zflegal.com/ and http://www.zfcpa.com/ , email: taxattorney@zfcpa.com

Practice Areas
  • Business Law
  • Estate Planning
  • Probate
  • Tax Law
Additional Practice Area
  • US Treasury Office of Foreign Assets Control (OFAC) Regarding Iran
Fees
  • Credit Cards Accepted
    Visa and Master Card only.
  • Contingent Fees
    Depending on the case.
  • Rates, Retainers and Additional Information
    Some transactions such as incorporation, estate planning or OFAC cases are charged a fixed fee.
Jurisdictions Admitted to Practice
California
9th Circuit
Federal District California Central District
Languages
  • English: Spoken, Written
  • Persian: Spoken, Written
  • Turkish: Spoken, Written
Professional Experience
Principal
Zaher Fallahi, Attorney At Law
- Current
Principal
Zaher Fallahi, CPA
- Current
Practiced tax law since 1979, and as a CPA since 1983.
Professional Position
Major Professional Firm
-
Professional Position
International Firm
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CPA/Auditor
Major Government Agency
-
Education
Pacific Coast University School of Law
J.D. (2004) | Law
-
Oklahoma City University
MBA (1981) | Management/Finance
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Oklahoma City University
M.S. | Accountancy
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National Iranian Oil Company School of Accountancy
B.A. (1977) | Accountancy
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Awards
Top Tax Attorney
Coast Magazine
Zaher Fallahi was named an Orange County top tax attorney in September 2015
Lawyer of the Month
Iranian American Bar Association
Professional Associations
California Bar Association
Member Tax Procedure & Litigation Committee
- Current
American Bar Association
Member
- Current
Orange County Bar Association
Member
- Current
Los Angeles County Bar Association
Member
- Current
American Academy of Attorney CPAs
Member
- Current
Iranian American Bar Association
Member
- Current
Iranian American Lawyers Association
Member
- Current
Iranian American Bar Association
Member
- Current
Iranian American Lawyers Association
Member
- Current
California Board of Accountancy
Member
- Current
California Society of CPAs
Member
- Current
American Institue of Certified Public Accountnats (AICPA)
Member
- Current
Florida Board of Accountancy
Member
- Current
Activities: Inactive license since 1992 or so.
Iranian American Lawyers Association
Board Member
-
Activities: Board Member
Network of Iranian American Professionals of Orange County
Treasurer
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Activities: Board Member/ Treasurer
Huntington Beach Community Clinic
Director
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Activities: Board Member
Publications
Articles & Publications
Legal and Tax Implications of Business Entities
American Bar Association, Group Legal Services Association
Final Revisions To Treasury Circular 230 Affecting All Practitioners
California Journal of Tax Litigation
Legal & Tax implication of transferring money from Iran to the US under the US laws of Sanctions
Heritage Law Markeitng
How to avoid being audited
Irvine Chamber of Commerce
Speaking Engagements
Update on the Iranian OFAC, IABA, MCLE, Office of Foreign Assets Control (OFAC), Caspian Restaurant, Irvine, CA
Iranian American Bar Association
Updates on Iranian Transactions and Sanctions Regulations, Iranian OFAC
Federally Authorized Tax Practitioner’s Privilege under the IRC 7525, pdate of the Offshore Voluntary Disclosure Program (OVDP), Accountant’s Privilege and update of the Offshore Voluntary Disclosure Program (OVDP), Orange County, California
California Society of CPAs
Federally Authorized Tax Practitioner’s Privilege under the IRC 7525 and its limitations, extension of Attorney-Client Privilege to CPAs, and update of the Offshore Voluntary Disclosure Program (OVDP).
Effective cooperation between CPAs and lawyers, Extension of Attorney-Client Privilege to CPAs, UCLA School of Law
UCLA School of Law
Effective cooperation between CPAs and lawyers, extension of Attorney-Client Privilege to CPAs, in the process of the IRS Offshore Voluntary Disclosure Program (OVDP).
Legal and Tax Implication of Start-Ups, Santa Ana, CA
Network of Iranian-American Professionals of Orange County
Legal and Tax Implication (FBAR, FATCA, OVDP) of the ITSR, OFAC regulations regarding Iran, UCLA Extension
UCLA
Legal and Tax Implication (FBAR, FATCA, OVDP) of the Iranian Transactions and Sanctions Regulations (ITSR), the US Treasury Office of Foreign Assets Control (OFAC) regarding Iran. Lecture in Farsi language for non-heritage (Non-Farsi speaking)
Legal and Tax Implication (FBAR, FATCA, OVDP) of the Iranian Transactions and Sanctions Regulations (ITSR), OFAC regulations regarding Iran, UCLA Extension
UCLA
Legal and Tax Implication (FBAR, FATCA, OVDP) of the Iranian Transactions and Sanctions Regulations (ITSR), the US Treasury Office of Foreign Assets Control (OFAC) regarding Iran. Lecture in Farsi language for non-heritage (Non-Farsi speaking)
Certifications
Certified Public Accountant (CPA)
California Board of Accountancy
Certified Public Accountant (CPA), In-Active License
Florida Board of Accountancy
Websites & Blogs
Website
Zaher Fallahi, Attorney At Law, CPA
Website
Zaher Fallahi, CPA
Blog
Legal Answers
633 Questions Answered

Q. Can I sue a solar power company that took my money, started the project and now refuses to answer any call or emails.
A: Depending on their contract, they may be in breach of their contract and you may have to have a lawyer write a demand letter for you. The information presented herein is for general purposes only. It is not intended for, and may not be construed as legal, tax, or accounting advice, or business solicitation. For specific advice, please consult a tax attorney in person. Good luck. Zaher Fallahi, Business and Tax Attorney, CPA (California).
Q. Can I get a refund if I paid for an event that I cannot attend anymore?
A: Apparently, they are doing you a favor and giving you the benefit at another time. Their contact may have had a provision to that effect. The information presented herein is for general purposes only. It is not intended for, and may not be construed as legal, tax, or accounting advice, or business solicitation. For specific advice, please consult a tax attorney in person. Good luck. Zaher Fallahi, Business and Tax Attorney, CPA (California).
Q. I am on social security disability and am going to receive a lump sum pension payment. Do I need to have taxes taken out
A: Your pension is taxable, but it seems below the threshold and you may not owe any taxes. The information presented herein is for general purposes only. It is not intended for, and may not be construed as legal, tax, or accounting advice, or business solicitation. For specific advice, please consult a tax attorney in person. Good luck. Zaher Fallahi, Business and Tax Attorney, CPA (California).
Q. Who pays taxes for the current fiscal year during a small business aquisition?
A: You will be responsible for any profits earned subsequent to assets acquisition. Consult a tax attorney for allocation of the cost to various asset categories. The information presented herein is for general purposes only. It is not intended for, and may not be construed as legal, tax, or accounting advice, or business solicitation. For specific advice, please consult a tax attorney in person. Good luck. Zaher Fallahi, Business and Tax Attorney, CPA (California).
Q. Have 30k in cash given to me by mother. What is best way to get into bank and will there be tax liability?
A: You can deposit and the bank will issues 8300 for it, but shouldn’t be a problem. No tax liability. Mom will have gift tax filing requirement. If there are concerns, consult a tax attorney with Bank Secrecy Act (BSA) experience. The information presented herein is for general purposes only. It is not intended for, and may not be construed as legal, tax, or accounting advice, or business solicitation. For specific advice, please consult a tax attorney in person. Good luck. Zaher Fallahi, Business and Tax Attorney, CPA (California).
Q. If I have one year with much higher income, can the taxable income be averaged with years of lower income?
A: No, some farm income may be eligible for income averaging. The old law has been gone for insurance will not qualify for medical and a gift tax return may be required (splitting). The information presented herein is for general purposes only. It is not intended for, and may not be construed as legal, tax, or accounting advice, or business solicitation. For specific advice, please consult a tax attorney in person. Good luck. Zaher Fallahi, Business and Tax Attorney, CPA (California).
Q. my sister was married, and her husband gave my mom $20,000 life insurance to pay for funeral expenses.
A: Life insurance will not qualify for medical and a gift tax return may be required (splitting). The information presented herein is for general purposes only. It is not intended for, and may not be construed as legal, tax, or accounting advice, or business solicitation. For specific advice, please consult a tax attorney in person. Good luck. Zaher Fallahi, Business and Tax Attorney, CPA (California).
Q. Can a F1 student start his own online company based in his/her home country paying taxes in his home country?
A: Your work most likely will substantially violate the F-1 visa, and you may be subject to the US taxation, inter alia. Good luck.
Q. Can I write off contributions to my IRA if I own my own business?
A: 401(K) and SEP-IRA will be funded and deducted by the S corporation. Regular IRA would be deducted on the 1040 form your earned income, not from K-1 distribution. Whether you can take regular IRA, you should ask the tax preparer, because it is based on the figures on the 1040. The information presented herein is for general purposes only. It is not intended for, and may not be construed as legal, tax, or accounting advice, or business solicitation. For specific advice, please consult a tax attorney in person. Good luck. Zaher Fallahi, Tax Attorney, CPA (California).
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Contact & Map
Zaher Fallahi, Tax Attorney, CPA
10866 Wilshire Blvd., Suite 400
Los Angeles, CA 90024
USA
Telephone: (310) 719-1040
Fax: (714) 546-5526
Zaher Fallahi, Tax Attorney, CPA
650 Town Center Drive, Suite 880
Costa Mesa, CA 92626
USA
Telephone: (714) 546-4272
Fax: (714) 546-5526