Mofrad Financial Solutions

Like most Americans, thinking about your taxes and finances causes you to question whether you’re making smart decisions with your money and your future. You wonder if working with a financial professional could really help you manage your finances better, minimize your tax liability, or establish and live on a budget.

You question if getting help from an expert could ensure your children’s education or prepare you for retirement – including acquiring adequate life insurance for you and your family. If you are a business owner, do you question whether a financial expert can help you grow your business and define your eventual exit-strategy?

You know the answer is YES. But, you have never taken the steps to get the financial support you need. Perhaps you aren’t sure what type of professional to approach, or you have an underlying fear that it will cost “an arm and a leg”. Perhaps you dread the monstrous stack of documents/paperwork you imagine you would need to assemble to even get started.

Instead, you sweat out your taxes on some free or cheap software year-after-year or go to a franchised “tax-service” which promises you the world, but you end up walking out asking “was that it?” None of your other issues have been addressed – and you have the nagging feeling that you could have done better – much better!

If this describes you, then Mofrad Financial Solutions is the answer! We are a one-stop shop that can support your tax preparation as well as your personal and business financial services needs.

With more than 20 years leading Mofrad Financial Solutions, my extensive education and experience as a tax professional allows me to meet the needs of our individual, business, off-shore, and not-for-profit clients.

Our Services

Taxation is the core of our practice – the premise on which our business started in 1996. At the beginning, the service only included preparation (mainly by hand!) and filing (by mailing via U.S. Post Office!) of annual taxes – mainly for individuals. Overtime, the Firm has expanded into tax-planning and advisory services.  Our client-category has grown to include business entities (LLC’s, Corporations, etc.), estates/trusts, and not-for-profits. While our areas of tax expertise include Professional Service-Oriented Practices (medical, legal fields), Real Estate (Like-Kind Exchanges, Depreciation, and Capital Gain/Loss Issues), and (related) EB-5 and U.S. Expatriate – our motto is: “If it is tax, we do it” – based on a simple premise: No one can claim to know all there is to U.S. Federal and State(s) taxes – not even within one field of specialty. Just when a practitioner feels he/she has complete command over any one aspect – rules change! So, what makes a good professional? Knowing how to obtain relevant laws/regulations, and applying those to a particular case – to take the maximum legal advantage in favor of the client, exercising due professional care, and carrying out the due-diligence process (e.g. performing comparative and pro-forma analyses – comparing and contrasting various legal alternatives and selecting the best as they apply to client’s particular situation).

Thanks to my experience as an IRS Agent, we also excel in the area of “Tax-Resolution” (i.e. representing taxpayers in audits and probes from various tax authorities) for those clients who need it.

Our newest venture under our present practice, our “claim to fame” in this arena comes from several origins: 1) my completion of Master of Business Administration Program (Concentration in Finance) from Cal Poly Pomona back in 1988; 2) my experience as a “Securities Analyst” with Sun Hung Kai Securities at the Stock Exchange of Thailand in 1993-94; and more recently 3) my passing of FINRA Series Exams 7 & 63. Additionally, in Fall 2015 (through UCLA) I completed the Certified Financial Planning (CFP) process – qualifying to sit for the CFP Exam – something I anticipate doing in the latter part of 2017. Although the CFP designation is not needed for financial planning, it is certainly a mark of distinguishment.

We decided to get into this arena, because so many of our tax clients badly needed the advice, and by regulation – as a CPA firm – we could only provide financial advice that was “incidental” to our practice. For the brunt-work, we (with a sigh!) referred our clients to our financial adviser friends. Now that we can take care of such in-house, we consider it a great milestone of accomplishment!

Now, we don’t have to stop when tax-planning is done. We can extend into financial, retirement, educational, insurance, estate/trust planning for our clients – with real follow action to follow-through actions – bringing us closer to our corporate mission of making our office a one-stop-shop for all financial needs.

Qualified and available to accept assignments for purposes of mergers & acquisitions, sales & divestitures, buy/sell agreements, fairness opinions, shareholder transactions, capital infusions, employee stock ownership plans (ESOPs), employee benefit plans,  expert testimony/litigation support, estate planning and taxation, gift taxes, solvency/insolvency opinions, collateral valuations, purchase price allocations, GAAP valuations under FAS 141/FAS 142, charitable contributions, determination of net operating loss (NOL) in bankruptcy, determination of liquidation value in bankruptcy, S Corporation Elections – calculation of built-in gain per asset, banks – loan applications, eminent domain proceedings, and last but not least, marital dissolutions.

Engagements include:  consultation on, and formation (or dissolution) of S and C Corporations, partnerships, LLCs, schedule Cs, bookkeeping, payroll, and other write-up services.  Through our system of checks and balances, any project at our office is scrutinized by more than one qualified professional prior to finalization.

EB-5 is a program created by the U.S. congress that is designed to enhance the U.S. Economy by way of bringing foreign investments into the U.S. – through investment and job creation by alien entrepreneurs who desire to get permanent residency (i.e. green card) for themselves (and their families).
For a successful EB-5 application, a team of professionals is needed, including an attorney, an economist, and an accountant. EB-5 is a program created by the U.S. congress that is designed to enhance the U.S. Economy by way of bringing foreign investments into the U.S. – through investment and job creation by alien entrepreneurs who desire to get permanent residency (i.e. green card) for themselves (and their families).
For a successful EB-5 application, a team of professionals is needed, including an attorney, an economist, and an accountant.
EB-5 is a program created by the U.S. congress that is designed to enhance the U.S. Economy by way of bringing foreign investments into the U.S. – through investment and job creation by alien entrepreneurs who desire to get permanent residency (i.e. green card) for themselves (and their families).
For a successful EB-5 application, a team of professionals is needed, including an attorney, an economist, and an accountant.

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Whether if you have just started your own business – and want to get your books off to the right start; a growing business whose books seem to have taken on a mind of their own; a mature business from which you want to separate the demand bookkeeping task; or in the market for a mortgage whose loan officer or mortgage broker has demanded a Profit and Loss (P&L) Statement with a certain set of specifications, we are the ones to take care of it for you.  You will get the professional difference from our services – that gets you the peace of mind from the numbers game, so you can take that worry-free vacation, or simply focus on what you are really good at – why you started the business in the first place.

I want to echo the 5 star review left on here by Natalie about Mofrad Financial Solutions.

My partner and I were also having issues filing our taxes as a same-sex registered domestic partnership.We had already filed with a local tax preparer….bad mistake!!!

Sure he was cheap, but when it came to preparing taxes for a gay couple, he had NO CLUE what he was doing. I proceeded to call the IRS help line, and guess what? THEY had NO CLUE how to deal with our specific situation either!!!

Joel M., Glendale, CA

I got myself into a tax situation that snowballed into a problem I could not handle.  I called around for tax prep firms and financial assistants but had no luck until I stumbled upon Mofrad Financial.  Ed personally evaluated my multiple tax issues and assured me he and his team could help.  What’s more important, he made me feel as though I wasn’t a total screw-up and really managed our first few conversations remarkably well.  His tax team went to work and Kevin has been instrumental in the process.  Other than their tax prep fees, which are fair, I don’t know how I can ever repay them for the kindness they’ve shown me.

To all of you with tax problems and don’t know where to turn, CALL MOLFRAD FINANCIAL SOLUTIONS.  I called on a Saturday afternoon and Ed answered the call himself.  The audit from the IRS put me in a deep depression and I did not know what to do.  I make a small income and the IRS wanted my entire savings. Ed, in his kind caring way, made me feel like everything was going to be alright. He made an immediate appointment for me.  He and his staff know their stuff and reduced the IRS demand to a reasonable amendment to my original filing.  I really can not say enough on Ed’s professional knowledge and caring attitude.
Thank you Ed.

Carrie F., Los Angeles, CA