By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Business & Contracts on Wednesday, October 1, 2014. Even if it is your own money, you have to be careful when you're dealing with raising capital for a San Diego or southern California business. Almost every business goes...
California Wants Your Money: State Increases Use Of Levies
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in California Tax on Thursday, October 30, 2014. We've discussed before the differences between a lien and levy. A lien is a mechanism often used by the Internal Revenue Service or California Franchise Tax Board to create a legal attachment...
California To Impose A Mileage-Based Driving Tax? Maybe
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in California Tax on Monday, October 27, 2014. On September 29, 2014, California Governor Jerry Brown signed groundbreaking legislation into law that may make California one of the first states to impose taxes on drivers based on how many...
California State Tax Liens And Protecting Your Assets
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Tax Controversy on Sunday, October 26, 2014. California's Franchise Tax Board ("FTB") is responsible for administering two of California's major tax programs: Personal Income Tax and the Corporation Tax. With the administration of these programs, the FTB is responsible...
Be prepared if you are self-employed or own a business
On behalf of Janathan L. Allen, APC posted in Audits on Thursday, October 16, 2014. Audits are always a fear for tax filers. There is always a little voice in our head telling us that maybe, just maybe, a mistake was made on your tax filing and that the IRS...
What is a “Disclaimer Trust”?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Trusts on Sunday, September 14, 2014. A "Disclaimer Trust" is a an effective alternative to the classic "A-B" revocable trust. If we use the example of a husband and wife with an A-B trust, when one spouse dies...
Raising Capital Can Be A Challenge for an Existing Business
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Business & Contracts on Friday, September 12, 2014. What is the best way to provide additional operating capital or fund an acquisition or expansion? There will be many times over the life of most successful businesses where an...
How You as an Employer May be Liable for Employee Wage Levies
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Thursday, September 18, 2014. As we've discussed several times before, tax liens from the IRS can cause significant concerns and problems. Tax liens affect not only you, but also affect third-party creditors that have assets belonging...
How Does the State of California and the IRS Create Tax Issues for You Out of Thin Air?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Audits on Tuesday, September 30, 2014. The State of California and the IRS are desperately seeking alternative sources of revenue, and recently we've seen a wave of attention focused on the issue of independent contractors. For many years...