What is the IRS Fresh Start Program and how can it be an option to consider if you live in the San Diego area and owe back taxes to the IRS? The IRS Fresh Start Program was designed to help those who owe the IRS for delinquent or unpaid back...
Asset Purchase or Stock Purchase – How To Acquire a Competitor
There are generally two ways to expand your business and acquire part or all of a competitor or another business: a stock purchase and an asset purchase. The stock purchase is used to purchase the company as a whole. You will own all aspects of the company including its customer...
You Have the Right to Appeal California and IRS Tax Collections
US and California taxpayers have the right to appeal California and IRS tax collections. The IRS and California's BOE, EDD and FTB have extensive powers to put levies against your bank accounts, as well as file a wage garnishment and reduce your paycheck. They can place liens against your house...
US Has Now Reached FATCA Agreements with 75 Swiss Banks
An agreement reached just before Christmas means that the US has reached FATCA agreements with 75 Swiss banks. The US Department of Justice has confirmed penalties exceeding $178 Million from 4 Swiss bank agreements including: Banque Cantonal du Valais (BC Valais) Gonet & Cie or simply Gonet Bank J. Safra...
Allen Barron Protects You From California and IRS Collections
Allen Barron protects our clients from the aggressive tactics of California and IRS Collections agents including wage garnishment and bank levies. The inability to pay the entire amount of taxes you owe the IRS or California does not make you a criminal, and there are several strategies that Allen Barron...
IRS Lowers Mileage Reimbursement Rate for Commercial and Business Expense
The sustained downward spiral in oil prices has resulted in a lower IRS mileage reimbursement rate for 2016. The new rate will be $0.54 per mile, down from $0.575 in 2015. The 3.5 cent per mile drop reflects stabilization in the international oil markets according to the IRS, and is...
Merry Christmas and Seasons Greetings!
We at Allen Barron wish to extend Seasons Greetings to all of our friends and clients throughout San Diego and across the United States. We are very thankful for the business and personal relationships we share, and the opportunity to be of service. Allen Barron is uniquely positioned to provide...
IRS Gains Power to Revoke Passports of Delinquent Taxpayers
The President signed the "Fixing America's Surface Transportation Act" into law on December 4, and a portion of this act enables the IRS to revoke the passports of delinquent taxpayers who owe more than $50,000 to the Internal Revenue Service. In a section of the law entitled "Revocation or Denial...
The Structure of a Business Contract Guides a Successful Business Transaction
The structure of a business contract has a substantial impact on the quality of the transaction, and the likelihood of a successful outcome. A well drafted business contract clearly establishes the role of each party, the goods and/or services to be exchanged and the value of the contract. Contracts that...