How Does It Accurately Describe a Problem Business Owners Have Faced for Decades?Business owners make important decisions every day. Some involve growth. Others involve protecting what has already been built. Purchasing commercial property, admitting a new partner, restructuring ownership, planning for succession, expanding into another state, acquiring part or all...
Planning for the Risks of a Cross Border Business
A cross border business can create significant opportunities for growth, expansion, investment, manufacturing, sourcing, and access to new markets. It can also create tax, accounting, legal, banking, reporting, payroll, customs, and regulatory obligations that do not exist in a purely domestic business.Many business owners assume that international operations simply add...
Preparing a Small Business for Sale or Acquisition
Many business owners spend years building value, strengthening operations, and growing revenue. However, one of the most important phases of the process often begins long before a buyer appears. Preparing a small business for sale requires careful planning, organization, and evaluation to ensure the company is positioned to achieve the...
How Have California FTB Tax Audits Changed in the Past Year?
The nature and practice of California tax enforcement has undergone a relatively unobserved but profound transformation over the last twelve months. While many taxpayers still envision an audit as a face-to-face meeting with a state official, the reality is that the Franchise Tax Board (FTB) has largely moved toward a...
What do U.S. Expatriates Need to Know About Taxes: IRS Publication 54
U.S. expatriates should read IRS Publication 54 - Tax Guide for U.S. Citizens and Resident Aliens Abroad. What do U.S. expatriates need to know about taxes? IRS Publication 54: Tax Guide for U.S. Citizens and Resident Aliens Abroad is an important guide that helps U.S. taxpayers understand not only their...
Offshore and IRS Tax Lawyer to Protect Your Investments and Interests
Navigating the complexities of the federal oversight, investigations, reporting requirements and challenges of the IRS requires the specialized guidance of an offshore and IRS tax lawyer who understands that tax issues are rarely isolated. Federal tax law and associated issues are intertwined with international treaties, corporate governance, a different accounting...
The IRS Knows About Your Offshore Activities
The era of absolute financial privacy in offshore banking, investment, and digital currency has effectively come to an end. For decades, many taxpayers operated under the assumption that geographical distance provided a natural shield against the awareness and abilities of the IRS. However, the modern regulatory landscape is built upon...
Can Establishing a Family Trust in California Save You Money?
The question of whether establishing or reviewing a family trust can save you money in California (and in most states) is most often met with an internal and understated "yes, probably,” followed by a deep breath, and several reasons to put it off. In reality, an effective estate plan is...
How does the Automatic Extension of Time to File Your Tax Return with the IRS Work?
Should you request the automatic extension of time to file your tax return with the IRS? What is the specific process to obtain the extension, and what does a U.S. taxpayer need to know about this important right? The decision to file an extension is often mistaken for a lack...