On behalf of Janathan L. Allen, APC posted in Audits on Thursday, October 16, 2014. Audits are always a fear for tax filers. There is always a little voice in our head telling us that maybe, just maybe, a mistake was made on your tax filing and that the IRS...
What is a “Disclaimer Trust”?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Trusts on Sunday, September 14, 2014. A "Disclaimer Trust" is a an effective alternative to the classic "A-B" revocable trust. If we use the example of a husband and wife with an A-B trust, when one spouse dies...
Raising Capital Can Be A Challenge for an Existing Business
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Business & Contracts on Friday, September 12, 2014. What is the best way to provide additional operating capital or fund an acquisition or expansion? There will be many times over the life of most successful businesses where an...
How You as an Employer May be Liable for Employee Wage Levies
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Thursday, September 18, 2014. As we've discussed several times before, tax liens from the IRS can cause significant concerns and problems. Tax liens affect not only you, but also affect third-party creditors that have assets belonging...
How Does the State of California and the IRS Create Tax Issues for You Out of Thin Air?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Audits on Tuesday, September 30, 2014. The State of California and the IRS are desperately seeking alternative sources of revenue, and recently we've seen a wave of attention focused on the issue of independent contractors. For many years...
Debt and tax liens involved in Chris Tucker-IRS case
On behalf of Janathan L. Allen, APC posted in IRS on Friday, September 12, 2014. As many people know, the actor and comedian Chris Tucker has had a bit of a tough time with the Internal Revenue Service over the years. It appears that over seven years, Chris Tucker ran...
Can the IRS Take All the Money in My Bank Account for Back Taxes?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Wednesday, September 24, 2014. Yes, the IRS has significant powers to seize assets such as bank accounts, retirement accounts, or any real or personal assets you own or have an interest in. It is important to...
What Happens if My IRS Streamlined Domestic Offshore Procedure Request is Denied?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Wednesday, August 6, 2014. Many US taxpayers may be disappointed to learn that their application to participate in the IRS' Streamlined Domestic Offshore Procedures was denied, and that they face the full force of civil and...
New law would forgive back taxes of elderly
On behalf of Janathan L. Allen, APC posted in Back Taxes or Tax Debt on Monday, August 18, 2014. The proposed law that we are about to talk about won't apply here in California -- but the idea it proposes is an interesting one. Pennsylvania lawmakers will consider a rule...