• Pleasant Hill Office 70 Doray Drive, Suite 15A, Pleasant Hill, CA 94523 TOLL FREE: (855)-829-3799

STRATEGIC TAX CONSULTING

Trustworthy Tax Advice.
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  • Tax Return Preparation for Individuals and Small Business
  • Back Tax Filings and Past Due Tax Returns
  • Crytpo Taxation (Bitcoin, Ethereum, Cordano, etc)
  • Taxation of Equity Compensation (ie., ESPP, RSUs, ISOs, etc.)
  • Individual Taxpayer Identification Number (ITIN)
  • IRS and State Tax Notice Deficiency Notice Resolution
  • IRS and State Audit Representation
  • Reporting of Foreign Bank Accounts (FBAR) subject to FinCEN
  • Gift Tax Taxation
  • Streamlined Domestic Offshore Compliance

OUR SERVICES

What We Offer.

The faster you resolve your tax compliance issues the less you will pay in penalties and interest, which can sprial out of control.

Tax Preparation and Planning

Working for a company and you have been vested into a stock incentive plan? If so, the taxation of these equity compensation packages is complex. We can help with ensuring you are not double taxed as this can happen if you make an error on the taxation of equity compensation.

Late Filers

We can assist you to address your late filing needs including answering all your questions regarding late filings, penalties, and options to pay via an installment or offer in compromise. The best option is for you to call us and schedule a consultation. April 15 is the annual deadline for most people to file their federal income tax return and pay any taxes they owe. By law, the IRS may assess penalties to taxpayers for both failing to file a tax return and for failing to pay taxes they owe by the deadline.

Crypto Taxation

The IRS is now monitoring compliance with crypto transactions – including conversion of crypto assets. One of the key questions on the 1040 relate to whether you purchased, owned, sold, or were gifted crypto assets. Although, crypto assets are not subject to wash sale rules or 1099 reporting, the tax laws are constantly changing to ensure the IRS keeps abreast on the gains/loss of crypto assets.

Gift Tax Filings

So, you decided to be generous and gift an asset to your loved ones? This is a great way to avoid estate and inheritance taxes during their lifetime, effectively reducing the wealth that will be subject to federal taxes when it’s passed on to heirs. This is a sound strategy, but it’s knowing the gift tax rules is important so the IRS does not come knocking on your door. Below are some key concepts to understand

Business Tax Services

So, you kicked off your small business but are familiar with the advanced tax strategies that exist and trekking blindly? Our experts can help with ensuring you established the right structure (i.e., LLC, S-Corp, or C-Corp) and understand the tax compliance issues.

Tax Notice Resolution

Have you received an IRS deficiency notice (i.e., Notice of Underreported Income CP 2000) that specifies that the information you reported does not match what was reported to the IRS? Does the Deficiency Notice specify additional tax payments with penalties and interest included? Or has the IRS asked to have you mail in proof of the expenses claimed on your tax return?

Why us ?

Strategic Tax Consulting For Financial Success.
  • Current and Prior Year Tax Filings for Individuals, Self Employed, and/or Contractors
  • Installment Plan Negotiation and Arrangements on Current and Back Taxes Owed
  • Resolving Payroll Tax Problems
  • Taxation and Reporting of Foreign Bank Accounts and Overseas Rental Properties
  • Resolving IRS and State Tax Liens, Levies, and Garnishment
  • Reporting and Taxation of Gifts Received
  • Representing Innocent Spouses Subject to Taxes Due to Divorce

ABOUT US

Navigating The Complexities Of Tax Law So You Don’t Have To.
Gamarra, CPA Inc.  was established by Mr. Will Gamarra who specializes in start up planning and tax strategies for small businesses and individuals. He is licensed to practice in Virginia and California. He is a graduate of John Hopkins University and earned his undergrad from George Mason University. Below are key points of his license and education:
  • Licensed with Virginia State Board of Accountancy
  • License with California State Board of Accountancy
  • M.S. in Management of Information Technology at John Hopkins University.
  • B.S. in Accounting from George Mason University
  • B.S. in Decision Science and Management Information System from George Mason University
  • Member of the American Institute of Certified Public Accountants (AICPA)
 
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Clients Testimony

I needed some heavy assistance and an extension for my business taxes I had pretty much nothing in order just my statements, receipts and a QuickBooks account. Nightmare. Will helped me organize and input my data and file my taxes while cementing my understanding of accounting and how affects my business. I vetted dozens of accountants and couldn't feel comfortable with any of them. After a short ten minute phone call with Will we hashed out a plan to get my taxes in proper shape. AAA+ knowledgeable, honest, friendly.
Sam S. – Individual in Concord, CA
My husband and I desperately needed our back taxes done, we gave Will a call and I'm so glad that we did, he is very patient and knowledgeable about taxes. He as helped my husband and I get back on track
Shanna S. – Individual in Concord, CA
I have a small starting business and I needed assistance setting up my first year of taxes and learning all the ins and outs when it comes to businesses taxes. I came in with my partner and Will walked us through the whole process and taught us many things and made us aware of certain blind spots when it comes to starting a business that we were never aware of until we came to him. Will is 100% honest and trustworthy, and will only lead with ethics which cannot be said for any regular accountant that you can find anywhere. So I was very lucky to have my first CPA be Will. We will definitely be going to Will to file our taxes again and for business tax knowledge. I cannot recommend Gamarra CPA more, he was life saving.
Anahi G - Small Business Owner, Santa Clara, CA
Mr. Gamarra has treated me with kindness, patience, and efficiency from the beginning, when he contacted me upon finding that the low-income service I had been using could not figure out how to file my taxes.
Jonathan B. - Individual in San Francisco, CA
I can't say enough good things about Will. I first met him when he worked out of Virginia in 2005. I was behind on my taxes and he assisted me in catching up and he has been doing my taxes ever since. When he moved to CA, I of course stayed with him. As a small business owner, I completely rely on his extensive expertise. He is always available to me and even though I'm procrastinating every year, Will always finds time to assist me and patiently answers all of my questions. I highly recommend him!
Karlsruhe G. – Self Employed, Alexandria, VA
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FAQS

Frequently Asked Question.

With over 20 years of experience in preparing taxes, we come across a myriad of tax questions, from simple to complicated, and we value the fact that some questions require alternative actions as the tax law has layers of gray and not one true answer exist.

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Generally, the inheritance will not result in a tax liability. However, if the property is later sold and generates a capital gain, then you may be subject to taxes. If cash is inherited, no tax liability will result.

In most cases, if business transactions are intertwined with personal, then chances are the LLC liability protection will be pierced. This type of question reguires that you speak to your lawyer as this is beyond the scope of our services. 

Yes, all independent contractors that you paid over $600.00 through out the year will need to be issued a 1099-Misc. In addition, a W-9 should filled out by the independent contractor. 

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