Capital Gains
Planning before selling appreciated property
Timing, basis, and California exposure — the questions to answer before you list.
Editorial preview
North Hollywood Tax & Accounting Advisory
Make the financial move.Not the tax mistake.
Hernandez Income Tax & Bookkeeping Service helps Los Angeles business owners, investors, professionals, and families plan for taxes, organize their finances, and approach major transactions with greater confidence.
Led by Edward Cuadra, Enrolled Agent · Serving North Hollywood and the greater Los Angeles area.
The most valuable tax conversation
The most valuable tax conversation happens before the decision.
Taxes are often decided long before a return is prepared — when an owner chooses an entity, an investor sells an appreciated asset, a property owner structures a transaction, or a family navigates an estate-related decision. A short conversation beforehand often changes what's possible.
01
Selling an investment or property
Real estate, securities, or business interests with meaningful appreciation.
02
Growing or restructuring a business
Entity choices, new partners, expansion, or a change in how you're taxed.
03
Preparing for a business transition
Succession, an internal sale, or an eventual exit — the tax picture starts early.
04
Responding to an IRS problem
A notice, unfiled returns, or a collection matter that needs an experienced hand.
Who we help
Guidance shaped around what's actually happening in your finances.
Business Owners
For entrepreneurs and closely held companies that need accurate books, proactive tax planning, and a clearer financial picture.
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Real Estate Owners & Investors
For clients navigating rental income, property transactions, basis, depreciation, and potential capital gains.
See how we help →
Independent Professionals
For consultants, contractors, creatives, and other self-employed professionals managing estimated taxes and business finances.
See how we help →
Families With Complex Tax Lives
For households facing investments, retirement decisions, inheritances, multiple income sources, or major life changes.
See how we help →
Signature engagement
A major gain deserves more than an after-the-fact tax return.
Selling appreciated real estate, investments, or a business interest can trigger federal and California tax consequences that are difficult to unwind after closing. Thoughtful planning helps clients understand timing, basis, estimated payments, available losses, and coordination requirements — before the transaction is complete.
Recommendations depend on each client's facts. No tax outcome is guaranteed. Read full disclaimers on the Capital Gains page.
- 01Identify the proposed sale
- 02Establish basis and estimated gain
- 03Model federal and California exposure
- 04Review timing and planning considerations
- 05Coordinate with legal and financial professionals
- 06Prepare for payments and reporting
What we do
Services organized around the outcomes clients actually want.
Keep More Of What You Earn
- Individual tax planning & preparation
- Business tax planning & preparation
- Quarterly estimates
- Year-end projections
Know Where Your Business Stands
- Bookkeeping
- Accounting
- Financial organization
- Recurring reporting
Prepare for a Major Financial Move
- Capital-gains projections
- Real estate transaction planning
- Business-interest sales
- Estimated-payment planning
Resolve Tax Problems
- IRS notices
- Unfiled returns
- Collection concerns
- Representation & resolution guidance
Build a Stronger Business
- Entity & tax considerations
- Business consulting
- Cash-flow awareness
- Proactive financial conversations
Not sure which conversation you need? Start with a short strategy call and Ed will point you in the right direction — even if that isn't with us.
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Meet Ed
Tax guidance is personal. Your advisor should be, too.
Edward "Ed" Cuadra, EA leads Hernandez Income Tax & Bookkeeping Service in North Hollywood. As an Enrolled Agent — a federally authorized tax practitioner with representation rights before the IRS — Ed focuses on year-round guidance rather than seasonal preparation alone.
Clients come to Ed when a decision is on the horizon: a property sale, a new business, an IRS notice, or a year that simply looks different from the last one. The goal is the same each time — replace uncertainty with a clear next step.
The client experience
A clear process for decisions that feel anything but simple.
01
Start With the Decision
Tell us what's changing, what you're considering, or what problem needs attention.
02
Organize the Facts
Securely share returns, financial records, notices, and transaction details.
03
Understand the Exposure
Review the relevant tax consequences, deadlines, and areas needing coordination.
04
Create the Plan
Receive practical, tailored next steps for your situation.
05
Stay Supported
Continue with preparation, bookkeeping, planning, or follow-through as appropriate.
Client trust
Trusted when the numbers — and the decisions — matter.
"Responsive when it counts, and thorough with the details that mattered most."
"Ed explained our options in plain language and helped us plan before we sold."
"Year after year, the guidance keeps our books, our taxes, and our decisions in sync."
Additional verified reviews will be integrated from approved sources. Contact the firm →
Rooted in North Hollywood
Rooted in North Hollywood.Advising clients across Los Angeles.
From the NoHo Arts District along Lankershim Boulevard to the businesses, studios, and homes across the San Fernando Valley, Hernandez Income Tax has served this community for decades. Clients come from Studio City, Burbank, Valley Village, Sherman Oaks, Van Nuys, Toluca Lake, and throughout greater Los Angeles.
Tax decisions, explained
Clear thinking for the moments that actually move your tax bill.
Business Taxes
Bookkeeping signals a business owner should not ignore
Four patterns in your monthly close that quietly become tax problems.
Editorial preview
California Taxes
Estimated payments after a major transaction
How a single gain can reshape your quarterly obligations for the year.
Editorial preview
Before you act
Before you sell, restructure, respond, or file — understand the tax impact.
Start with a focused conversation about what is changing and what you need to know before moving forward.
Secure · Confidential · Clear next steps