By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Audits on Monday, September 14, 2015. The US Department of Labor has issued an update to it's own six factor test for whether to classify a person as an "employee" or an "independent contractor." This is a hotly...
India Taking Cues from FATCA in Search of “Black” Money
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Audits on Friday, September 11, 2015. The IRS has deployed a double prong approach under the Foreign Account Tax Compliance Act or FATCA: 1. Force foreign banking institutions, investment houses and sovereign tax authorities to provide information regarding...
Do Legitimate Deductions for Research and Development and Conservation Increase IRS Audit Risk?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Audits on Thursday, September 10, 2015. Recent reports have placed the IRS at odds with the will of Congress and the legitiimate deductions businesses and individuals may claim on their tax returns. The two areas of concern include:...
What Began as a Transfer Pricing Audit has become a Brawl Between Microsoft and the IRS
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Audits on Wednesday, September 9, 2015. It seemed simple enough: The IRS sends Microsoft a notice about an intent to audit transfer pricing between Microsoft and several offshore affiliates. However, the IRS used an external law firm to...
Vice Chair of California Board of Equalization or BOE has Advice for Small Businesses
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in California Tax on Friday, September 4, 2015. The Vice Chair of the California Board of Equalization or BOE often conducts seminars for small business professionals to help them to avoid tax issues with the powerful California taxation authority. ...
IRS Continues To Increase FBAR Pressure on US Taxpayers
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FATCA on Thursday, September 3, 2015. The IRS continues to increase the pressure on US taxpayers to come into full compliance with FBAR reporting, and to pay the price when they do not. The IRS recently added several...
IRS Takes in $114 Million From the Sale of Seized Assets
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Wednesday, September 2, 2015. The IRS has brought in $114 Million dollars from the sale of the seized assets of US taxpayers from 2011 to 2014. When the IRS seizes an asset through a levy, it...