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Many Business Owners Under Value Accounting

It is surprising how many business owners under value accounting and the profound financial impact it can have on business operations, taxation and profit.  Effective accounting strategies reduce tax exposure and provide the critical data necessary to prevent or defend against an IRS or California tax audit. Well-conceived accounting strategies...

IRS has Released Finalized PFIC Regulations

The IRS has released finalized PFIC regulations as well as proposed new regulations which relate to the modification of PFIC rules.  A few years ago the IRS issued temporary rules regarding ownership of Passive Foreign Investment Companies (PFIC) and how shareholders in these companies would be taxed.  The IRS has finalized...

FBAR Preparation and Filing to Ensure Compliance

Allen Barron provides extensive tax expertise and assistance with FBAR preparation and filing to ensure compliance with all IRS requirements.  If you have offshore bank accounts, investments, assets or own or control a portion of a foreign corporation you must be in full compliance with the IRS or face a...