VICTORY TAX LAWYERS: THE PARHAM KHORSANDI ENDEAVOR– DELIVERING EXCELLENCE IN TAX AND LEGAL SERVICES

This is an extraordinary narrative of an ambitious and experienced tax attorney with an impeccable record of success in the legal practice sector. Parham Khorsandi embarked upon his entrepreneurial journey by establishing Victory Tax Lawyers, a renowned tax defense and litigation law firm, in 2017. Since its inception, there has been no turning back, as he led the aggressive growth of the firm in a short period, making it one of the top-notch service providers in the domain.

EARLY LIFE

Parham Khorsandi has been offering helpful and unique suggestions to his friends and family since he was a child; primarily from a logical and common-sense perspective. He kick started his career with the intellectual property department of Warner Bros. Studios in Burbank after receiving his law degree in 2009. Despite being a fun experience, he felt unfulfilled in his role as an attorney. Because he was always intrigued by taxes, he happened to find a hiring tax firm. But this was a tax defense firm, not an average tax planning firm. A few years later, he decided it was time to make his name for himself in the tax resolution industry This is when Victory Tax Lawyers, a litigation and tax defense firm, was born.

SHAPING THE PASSION

Parham was always drawn to the tax courses in law school. These included state taxes, gift and estate taxes, and income taxes. He initially found the tax industry to be mundane, but he was fascinated as soon as he learned there was a different sort of tax lawyer—one who goes up against the IRS and defends the rights of their clients. He realized that he could work with taxes and still be a fighter. It was the ideal combo for him. He was battling the IRS, rescuing people’s houses and means of subsistence, and providing sound tax advice. This industry is so appealing because of the feeling of adrenaline that comes from working against a federal agent and supporting those who are vulnerable.

OVERCOMING OBSTACLES LIKE A PRO!

Coming out of law school during one of the worst financial global crises in 2009 was not fun. The smaller businesses were failing, and the larger businesses were not hiring. It pushed a lot of aspirants, like Parham, to go out and make their own way. The first several years were challenging since they were attempting to find part-time work that paid quite little and take on personal clients. At this point, the aspiring business leader began to relish the rush of solving the puzzle independently and creating something for himself.

PARHAM’S SECRET FORMULA FOR NURTURING LEADERSHIP AND TALENT DEVELOPMENT

Standing beside your team is an important aspect of being a leader. As a leader, there will be instances when you have to pull your group ahead. On the other hand, there will be moments when you must rely on your group to drive itself forward and progress as a team. It is not necessary to always be at the forefront, leading the charge, to be a leader. These days, a lot of teams and employees are plug-and-play, with minimal engagement or loyalty. It’s important to know when to give your staff more and when to back off and give them time to get the required experience.

FOSTERING FLEXIBILITY AND RESILIENCE IN THE WORKPLACE

“Learn to be at ease in uncomfortable situations.” You will start failing in your business the moment you get overly comfortable with your current position or your development. Every business has obstacles, and you need to be prepared to adjust to the ever-changing landscape. Even if something is successful for your company, you can’t count on it to continue to work in the future. You must possess the requisite foresight to recognize that the industry is evolving and the flexibility to lead that transition.

PRIMARY TRENDS IN THE LEGALL HORIZON

More assessments, audits, and collections are associated with increased IRS funding. With the resources that the IRS now has at its disposal, the industry has undergone significant upheaval. They will be able to handle more and have a far wider reach. While this is terrible for the broader public, it is fantastic for VTL’s business. In the trenches, we are witnessing the opposite of the IRS’s claim that this money will only be utilized for high-income individuals. The IRS has a lot of power over small businesses and individuals, and dealing with them can be costly.

THE SIGNIFICANCE OF SUPPORTING ROLES BEHIND THE SCREEN

Huge thank you to the wives, husbands, and significant others! It takes toughness to run a successful, long-lasting firm. Huge benefits come with huge sacrifices. Still, you can’t accomplish it without your partner’s help. When you are operating out of a broken office space and have very little to your name, they are the ones who need to give you that extra push and confidence. Your significant other (SO) must be your pillar of support. Your business will fail if you are attempting to launch or manage it and your significant other is being unsupportive or pushing back. Parham and his spouse both work and they have three young children at home.

Parham perceives himself as a hands-on dad. It has always been his wife who has encouraged him to work harder and accomplish more. Yes, there are moments when it can be annoying, but you need that little prod. Elevate your stature, and the rest would fall into place, she would constantly say.

Parham perceives himself as a hands-on dad. It has always been his wife who has encouraged him to work harder and accomplish more. Yes, there are moments when it can be annoying, but you need that little prod. Elevate your stature, and the rest would fall into place, she would constantly say. Her assistance is as crucial to Parham’s business as any other.

INVESTING IN LEARNING AND IMPLEMENTATION: AN IDEAL APPROACH TO GROWTH

Leaders must share what they learn with their employees. The first thing to do is to never stop learning. With the abundance of knowledge available today, businesses and communities must exercise caution to avoid information overload. Parham asserts that “face-to-face meetings and networking provide the best opportunity for personal and professional growth.” This includes joining brainstorming groups and hosting or attending networking functions. Reading articles and books can contribute to one’s personal development. Choose the medium and use it. The next stage is to put what you’ve learned into practice. This is the most difficult step since you are trying to start a new development and you have real-life input and implications. New ideas can be implemented considerably more easily if surrounded by the right people.

A GLANCE AT THE FUTURE GROWTH TRAJECTORY

Setting its sails 6 years ago, VTL has experienced significant growth. Mr. Parham believes that the IRS will become much more active going forward and that more people will experience the sting of the service in 2024. The US will depend more and more on the IRS to evaluate and collect taxes since it is experiencing its biggest fiscal imbalance ever. In addition, he aims to support as many American taxpayers as possible in interacting with the IRS.

A PARTING NOTE FOR ASPIRERS

The fact that you can access your opponent’s playbook is the best thing about this industry. In this regard, the IRS has to abide by specific laws and regulations. The Internal Revenue Code contains the laws, and the Internal Revenue Manual contains the guidelines. You can utilize the IRS procedures against the IRS and in your favor if you are conversant with the Code and the Manual.