Transfer pricing is a central international business tax issue. How does this affect San Diego area and California multi-national businesses? Transfer pricing is the allocation of income or loss between members of a "controlled group." From the IRS' point of view, a company is part of a controlled group when...
The Broad Powers of IRS Revenue Officers in an IRS Audit
The broad powers of IRS revenue officers in an IRS audit should be a concern for all US taxpayers. Many business professionals and individuals believe IRS agents must be experts in both accounting and tax law. In many cases, they are not expert in either discipline. This may sound shocking,...
Janthan Allen Recognized by Marquis Who’s Who For Dedication to the Field of Law
Janathan Allen has been included in Marquis Who's Who for dedication to the field of law. As in all Marquis Who's Who biographical volumes, individuals profiled are selected on the basis of current reference value. Factors such as position, noteworthy accomplishments, visibility, and prominence in a field are all taken...
The Tax Danger of Personal Service Corporations
What is a Personal Service Corporation (PSC) and why is there a potential tax issue for PSCs? Many S Corporations and LLCs may be considered by the IRS to be a PSC. This could result in substantial additional business tax burdens. The IRS has again begun to examine corporations to...
IRS Revenue Officer Interviews Allow the IRS to Gain Additional Information to Use Against You
Why should you be cautious about IRS revenue officer interviews in San Diego? What are the risks to a US taxpayer in an IRS audit? If you have received a notice from the IRS regarding a tax audit you probably already realize the potential hazards you face in the immediate...
Guidance for Employers: Internal I-9 Verification Audits To Strengthen Immigration Compliance
The U.S. Immigration and Customs Enforcement provides guidelines to assist employers to voluntarily conduct internal I-9 verification audits. These audits may consist of reviewing all Forms I-9 or a sample of Forms I-9 based on neutral and non-discriminatory criteria in order to avoid the perception of discriminatory or retaliatory audits....
Starting a Small Business – The Protections of a Legal Entity
What do you need to know when starting a business during the COVID-19 pandemic?? We have all heard of the plans to turn the economy around. These plans include ideas and potential additional funding to help small businesses. Are you one of the San Diego entrepreneurs who are thinking of...
The Earned Income Tax Credit and How the IRS Preserves its Integrity
In 2019, 25 million eligible workers and families received about $63 billion in Earned Income Tax Credit (EITC) payments, a federal tax credit offered to provide hardworking American workers and families with financial assistance.? While the EITC has recently come to the forefront, the EITC program has been benefitting low-...
How does the Attorney-Client Privilege Protect You in an IRS Audit?
How does the attorney-client privilege protect you in an IRS audit?? Why is it so important to work with an experienced tax attorney compared to a CPA, tax preparation team, accounting firm or financial advisor?? The answer is "protection."? You need to be able to provide your counselor with detailed,...