By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Tax Controversy on Monday, December 22, 2014. According to a recent report from the Treasury Inspector General for Tax Administration, the Internal Revenue Service has failed to take action to resolve millions of dollars in so-called "frozen credit...
How Long Should I Keep My Business Tax Records in San Diego?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Tax Controversy on Monday, December 1, 2014. There is no statute of limitations upon many California tax authorities, and their ability to go into prior years in pursuit of additional revenues. A statue of limitations in this case...
Haven’t Broken The Law? Don’t Worry, The IRS Can Still Seize Your Assets
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Friday, December 5, 2014. Recently, the Internal Revenue Service has been seizing the assets of businesses and individuals who have been making deposits of less than $10,000, even though no laws have been broken. To make...
For the procrastinators: you have options for your tax filing
On behalf of Janathan L. Allen, APC posted in Delinquency on Tuesday, December 9, 2014. Imagine that you get your W-2s and other relevant tax information in the mail in early January. "No problem," you think to yourself. "I have plenty of time to get my taxes done." A couple...
For Business Owners, Any Form of Contact from the IRS is a Red Flag
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Wednesday, December 31, 2014. If you are the owner of a business and have received any form of contact from the IRS you should view it as a red flag, and carefully read the letter they've...
Estate Planning: What Is an Ethical Will?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Estates on Saturday, December 6, 2014. No doubt you have heard of wills and trusts before, as well as the concept of estate planning. But what about ethical wills? Not many people use, or even know what, an...
Challenging California Taxes: Passive Interest In California LLC Not Subject To Tax
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in California Tax on Thursday, December 18, 2014. The California Franchise Tax Board is a government agency that is responsible for administering two of California's major tax programs: Personal Income Tax and Corporation Tax. The FTB is tasked with...
California Ranked As One Of The Worst States For Business Taxes
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in California Tax on Thursday, December 4, 2014. Is California ranked as one of the worst states from the perspective of business taxation? The Tax Foundation, an independent tax policy research organization, recently published its annual State Business Tax...
California Buyers And Sellers Will No Longer Be Able To Hide Price Of Property (Part 2)
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in California Tax on Sunday, December 28, 2014. Arguments in Support of the Bill The California Senate criticized the prior Documentary Transfer Tax Act as an "outdated statute" that allowed parties to "shield" the amount of transfer tax paid...