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,...
The Rewards and Risks of International Business and Tax
Many would summarize business in the age of COVID-19 as the rewards and risks of international business and tax as global trade is re-established. The political winds weigh heavy upon the minds of many San Diego international business owners and corporate managers as they search for the best path forward....
California’s Unitary Method of Taxation Across State and National Borders
What is California's unitary method of taxation across state and national borders and how does it affect multi-state and multi-national corporations? The "unitary method" of taxation was developed to replace the "source method" strategy of taxation which would tax income based upon the geographic location where income was actually realized....