There is a lot of conversation nationally about IRS FBAR compliance and those who have not yet complied. Many US taxpayers may be wondering if the IRS OVDP may still be a viable option for unreported offshore accounts and assets. The answer is a qualified "yes." The reality is the...
Caterpillar Battle with Taxes – The IRS Isn’t Always Right
What does Caterpillar's ongoing battle over taxes have to do with business here in San Diego? It may surprise you to know the IRS isn't always right and in fact often misinterpret Generally Accepted Accounting Principles (GAAP) and even US tax code. Our office is often forced to stand up...
Allen Barron Celebrates 20th Anniversary
Allen Barron is celebrating our 20th Anniversary in business today. We wish to extend our deep appreciation to our clients and the San Diego business community for the opportunity to be of service over the past decades. As a single-source provider of legal, tax, accounting and business advisory services, Allen...
WSJ Notes Regulatory and Technical Accounting Expertise in Short Supply
A recent article in the Wall Street Journal (WSJ) notes regulatory and technical accounting expertise is in short supply across the nation. WSJ noted US businesses were "increasingly scrambling to find regulatory experts or “technical accountants” who understand rules and ensure compliance amid accounting changes to the generally accepted accounting...
Was the Caterpillar Raid a Sign of Where Corporate Tax Battles are Headed?
Really? That was my first reaction to the news that federal agents including the IRS had raided the offices of Caterpillar, one of America's greatest traditional companies. My next reaction was a bit more harsh, trending toward disgust. Is this a sign of where corporate tax battles are really headed?...
Caterpillar an Example of IRS Focus on International Business
Caterpillar has become an example of the IRS focus on international business and the aggressive tax planning strategies employed by multinationals in an attempt to shield income from US taxation. Just last week, the President loudly proclaimed "I love Caterpillar!" This week, their headquarters were raided by federal agents looking...
Business Advisers with Decades of San Diego and International Business Experience
Are you looking for an experienced business coach or adviser? Contact the business advisers at Allen Barron who have decades San Diego and international business experience in small business, mid-size corporations and international conglomerates. Richard Barron has successfully run an international electronics and communications company and will provide insight into...
The Difficulty of the Task Plays a Role in 1099 Worker Misclassification Cases
The difficulty of the task performed by "independent contractors" plays a significant role in 1099 worker misclassification cases here in San Diego. The Department of Labor (DOL) and the IRS have helped to establish new guidelines for the property classification of a 1099 worker since a landmark US Supreme Court...