By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Business Advice and Counsel on Friday, May 1, 2015. Starting Monday, May 4, the "National Small Business Week" provides an opportunity for small business owners to sharpen their business skills, and take time to chart the course for...
SEC to Introduce New Rules on Executive Compensation and Reporting
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Business Advice and Counsel on Wednesday, April 29, 2015. The SEC is expected to propose new rules today regarding executive compensation, and how it is tied to financial performance. This was originally mandated in 2010 as part of...
Why US and California Taxpayers Need Help with the IRS Now More than Ever
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Audits on Tuesday, April 28, 2015. "It looks to me like you're purposely harming taxpayers," Rep. Kristi Noem of South Dakota told IRS Commissioner John Koskinen at a recent hearing. Mr. Koskinen was reporting that over 8 million...
IRS Paid Businesses $3 Billion Too Much in Tax Credit Mistakes
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Audits on Monday, April 27, 2015. Last week the Treasury Inspector General, an internal IRS watchdog, released a report that detailed extravagent mistakes by the IRS that has cost the US treasury billions. Most of the errors were...
Forming New LLCs or Corporations for Existing San Diego Businesses
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Business Formation on Friday, April 24, 2015. There are several important stages in the growth of any successful San Diego business, and one of these is the establishment of a new LLC or corporation that is associated with...
Why Do So Many FBAR Taxpayers Want to Rely on Hope?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FBAR on Thursday, April 23, 2015. There is a concerning trend we're seeing with FBAR taxpayers who are placing too much hope on the streamlined domestic offshore procedures option within OVDP. The core issue is what the IRS...
Why Did the US Invest All the Time and Money to Enact and Defend FATCA?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FBAR on Wednesday, April 22, 2015. Why did the US legislature pass FATCA? Why did the US Justice Department spend years and millions of taxpayer dollars pursuing foreign banks and investment houses in international courts? Why did a...
What Happens in California When The Deceased Has an Out of State Trust?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Estates on Tuesday, April 21, 2015. What happens when the a person who dies in California executed their trust in another state? What if they were a foreign national, and the will or trust was established in another...
Woman Contacted by IRS Regarding False Identity Return Not Alone
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Monday, April 20, 2015. The IRS has been contacting some taxpayers, including one woman in Lawrence Kansas, requesting additional identification due to a substantial increase in identity theft and fraud relating to using a false identity to...