By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Mergers & Acquisitions on Thursday, January 22, 2015. Selling a business can be quite complex, and the structure of the agreement and choices made by the parties will have a substantial impact on associated taxation, and the actual...
The Choice Between an LLC or a Corporation in San Diego Starts with The End of Your Business
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Business Formation on Wednesday, January 21, 2015. The decision on which entity to select for your new San Diego business, LLC, C Corporation or S Corporation often begins with how your new company will end. This may seem...
Consumer Reports Warns Home Based Businesses of IRS Audit Risks
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Tuesday, January 20, 2015. In a recent article by "Consumer Reports" there were a few recommendations for home based businesses to reduce IRS audit risk that I absolutely agreed with based upon recent IRS behaviors with...
IRS Steps Up Pressure on Revenue Agents to Increase Collections
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Friday, January 16, 2015. The IRS is continually seeking new ways to increase tax revenues, and to enforce the collection of taxes for those who have already received a "determination". If you owe the IRS back...
It May Take 3 Years for IRS to Fully Integrate Foreign Account Information
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FATCA on Wednesday, January 14, 2015. It may be 2 to 3 years before we witness the full impact of the IRS response to all of the foreign account information and asset documentation they received as a result...
Only a Tax Attorney Can Provide the Insight and Protections Necessary for FBAR Filers
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FATCA on Tuesday, January 13, 2015. The recent developments for US taxpayers with foreign accounts and assets and the implications of FBAR compliance significantly increases the importance of seeking the insight and protections provided by an experienced tax attorney. Our office...
Allen Barron Provides a Single Source Like “Big 8” Firms of Old
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Accounting Services on Monday, January 12, 2015. Allen Barron provides our clients with a single source for a broad range of business services including business consulting and advisory engagements, accounting, tax services as well as a legal department...
What are my options if I can’t repay my tax debt?
On behalf of Janathan L. Allen, APC posted in Delinquency on Saturday, January 10, 2015. Let's be honest, no one likes or wants to pay taxes. This is especially true for individuals experiencing financial difficulties or small business owners who are operating in the red or on a slim profit...
What is “Asset Protection” and How Can Allen Barron Help Me to Keep More of What I Earn and Pass it to My Beneficiaries?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Trusts on Thursday, January 8, 2015. Asset protection takes many forms, but the goal is to protect any asset you may have such as investment and retirement accounts, business interests, and real estate from liabilities that might arise...