Don’t panic if you are contacted for an IRS audit in San Diego. You need to know your rights and have a strategy for your IRS audit. The Internal Revenue Service sends a letter, informing you that you are being audited. No, this isn't a bad dream -- it's really...
What is the IRS Audit Statute of Limitations
What is the IRS audit statute of limitations? Is there a time limit placed upon the IRS when it comes to auditing your tax returns or collections of tax related debt? The answer is "yes" and this time limit is known as a "Statute of Limitations." Traditionally, the IRS Statute...
What If I Get Audited by the IRS or the FTB?
What should I do if I get audited by the IRS or the FTB? Better yet, what can I do to avoid a tax audit altogether? It's a fear that we all share come tax Day: what if I get audited? We don't necessarily fear an audit because we think...
More than 90 Percent of New San Diego Businesses Fail in the First 3 Years
Have you wondered why more than 90 percent of new San Diego businesses fail in the first 3 years? After decades of experience as a business owner, and as an experienced business and tax attorney I can share that the primary reason for the failure of new businesses is decision making...
What is the Difference Between an IRS Levy and a Lien?
What is the difference between an IRS levy and a lien? In the simplest of terms, the difference between a levy and a lien is that a levy actually takes property or money from your account(s) to pay for the tax debt you owe while a lien creates a legal...
When Should You Consider Tax Preparation Services at Allen Barron
When should you consider tax preparation services at Allen Barron? What should you ask of our San Diego tax preparers? If your Adjusted Gross Income (AGI) falls below $73,000 the IRS provides a free filing option, and that's probably best for those situations. If you are single or married,...
Should You Be Concerned about an IRS Revenue Officer Interview
Should you be concerned about an IRS Revenue Officer interview? If you have received notice of an "IRS Revenue Officer Interview" take heed - you are heading into a period of great potential risk, and you should be represented by an experienced and proven tax attorney. An IRS Revenue Officer...
California EDD Audits San Diego Employers Every 3 Years
Did you know the California EDD audits San Diego employers every 3 years? If you have employees, there will be a California EDD payroll tax audit of your San Diego Business every 3 years. They will review all of your employees, and all of your employment records as well as...
Why Do Many Business Owners Under-Value Accounting
Why do many business owners under-value accounting and the profound financial impact it can have on your business operations 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. Of course they capture information for...