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Taxes and retirement: how to set yourself up for the later years

On behalf of Janathan L. Allen, APC posted in Tax Controversy on Wednesday, June 11, 2014. Imagine you are approaching your retirement. After years and years of work and saving, you've finally reached the point in your life where you can leave the workforce behind and enjoy your remaining years...

Which IRS Program is Best for Those Who Have Issues with FBARs?

By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FBAR on Monday, December 29, 2014. The IRS has two main options for those who have either under-reported or failed to report foreign accounts or assets on the FBARs associated with their returns.  The first option is the...

The Effects of the Foreign Account Tax Compliance Act

By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FATCA on Sunday, December 21, 2014. The Foreign Account Tax Compliance Act, or "FATCA" as it is known, passed in March 2010, "targets tax non-compliance by U.S. taxpayers with foreign accounts." The FATCA is concerned with reporting by...

Taxpayer Cannot Avoid IRS Mail And Later Challenge Tax Liability

By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Audits on Tuesday, December 16, 2014. Anytime a taxpayer is contacted by the Internal Revenue service, the taxpayer should take notice. The failure to timely respond or even respond at all can have significant consequences for a taxpayer....