One of the primary targets for IRS audits is S Corporation compensation. S Corporation owners should understand IRS strategies for compensation audits and work with Allen Barron to reduce these risks while minimizing tax and maximizing income opportunities. One of the most contentious issues is "reasonable compensation." The IRS guidelines...
International Business Tax Returns Require Detailed Knowledge
There are many businesses with global interests here in San Diego. Tax time can be especially challenging as international business tax returns require detailed knowledge and experience. The international business and tax attorneys at Allen Barron provide a comprehensive palette of services including tax, accounting, legal and tax return preparation...
The Value of Integrated Services to an International Business Strategy
What is the value of integrated services to an international business strategy? Allen Barron provides integrated legal, tax, business advisory and accounting services to local, regional, national and international businesses. The integration of these services reduces the cost paid to separate vendors while providing a higher-level broader perspective to problem...
What Rules Extend the Window for an IRS Audit?
What rules extend the window for an IRS audit? How long does the IRS usually have to complete an audit of your taxes? Everyone may have a little fear in the back of their head while filing their taxes. "What if I get audited?" they may think. The IRS uses...
Overseas Bank Accounts Could Still Cost You $100,000 or More
If you are a US taxpayer, including foreign nationals who live and work in the United States you need to take notice. Overseas bank accounts could cost still you $100,000 or more in penalties and interest if the aggregate balance of your offshore accounts exceeds $10,000 at any point in...
IRS Tax Complications of International and Offshore Investments
The IRS tax complications of international and offshore investments are quite complex, and US taxpayers with offshore investments and accounts should contact the experienced tax attorneys at Allen Barron to protect their interests and ensure compliance with complicated US tax laws. The existence of foreign bank accounts and assets usually...