The IRS adds many banks and financial institutions each month to the tens of thousands of tax and finance sources worldwide who have agreed to provide information directly to the IRS regarding the account balances and activities of US taxpayers overseas. Recently, the IRS aggressively expanded its tactics, issuing a...
Business Contract Preparation and Review Services
Business contracts are the foundation of business transactions, and ultimately dictate the success or failure of the business itself. Allen Barron provides comprehensive business contract preparation and review services to help corporate clients and LLCs to protect their interests and improve the number of profitable successful transactions completed each...
IRS Voluntary Offshore Disclosures under the Streamlined Program Receive Disturbing News
We have been at the forefront of the IRS crackdown on offshore bank accounts, foreign investments and corporate ownership and the requirement for US taxpayers to come into compliance with FBAR reporting and associated IRS offshore voluntary disclosures. For those who have decided to file IRS voluntary offshore disclosures under the...
Do All IRS FBAR Filers Need to Consider a Voluntary Disclosure or OVDP?
Yesterday, we discussed the rapidly rising number of “Report of Foreign Bank and Financial Reports” or FBARs filed in 2015. This continues a five year rising trend, and demonstrates the number of US taxpayers with offshore bank accounts and international investments. It also leads to a serious question for FBAR filers:...
Record Number of FBARs Filed in 2015 – up 8% over 2014
The IRS has reported that the number of "Report of Foreign Bank and Financial Reports" or FBARs filed in 2015 is up by more than 8 percent over 2014. A staggering 1,163,229 FBARs were filed with the IRS, continuing the trend of an increasing number of US taxpayers filing the...
Expert Tax Preparation in Rancho Bernardo and San Diego
Are you looking for expert tax preparation in Rancho Bernardo or San Diego? Do you face complex taxation issues such as offshore income or investments, business ownership, or high income? The experienced and seasoned tax preparation team at Allen Barron are uniquely positioned to review your unique circumstances and provide...
Well Structured Business Contracts Ensure Successful Outcomes
Well structured business contracts ensure a successful outcome by anticipating all potential challenges and providing specific steps to guide the parties through. Well crafted business contracts clearly establish the roles of each party, and the "benefit of the bargain" expected by each party to the contract. Clear, concise and thorough...
Acquisition of a Competitor a Sound Growth Strategy
The acquisition of a competitor - in whole or in part - is a sound growth strategy for any San Diego business. The structure of the transaction itself, as well as the due diligence to ensure the quality of the targeted assets or company, go a long way to ensuring...