By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Audits on Tuesday, August 26, 2014. If you filed your California tax return using the Head of Household (HOH) status, then be prepared get a letter in the mail from your friendly Franchise Tax Board (FTB). The FTB...
Tax lien applied to former NFLer Kordell ‘Slash’ Stewart
On behalf of Janathan L. Allen, APC posted in Back Taxes or Tax Debt on Friday, August 8, 2014. Many San Diego residents are fans of the Chargers, our city's NFL team. These fans will remember the electric performances of Kordell Stewart in the mid-to-late 1990s, a quarterback for the...
Back tax issue resolved for late night TV show host O’Brien
On behalf of Janathan L. Allen, APC posted in Back Taxes or Tax Debt on Tuesday, July 1, 2014. Sometimes it doesn't matter if you have an accountant, or if you take your filing to a tax preparer. You can still get hit with tax issues and controversy, even when...
IRS Commissioner Hints that Changes in the OVDP May Be In the Works
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FBAR on Sunday, June 22, 2014. IRS Commissioner John A. Koskinen made a startling revelation at a recent tax conference that the IRS was considering changing the existing OVDP to make things "more fair and equitable." Mr. Koskinen's...
IMPORTANT NEWS UPDATE: IRS Announces New “Streamlined Domestic Offshore Procedures”
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FATCA on Friday, June 20, 2014. As Part of the Offshore Voluntary Disclosure Program or OVDP the IRS has provided new "Streamlined Domestic Offshore Procedures" for "non-willful" conduct that is in violation of FBAR and FATCA related reporting....
Forgetting or failing to pay your taxes can cause problems
On behalf of Janathan L. Allen, APC posted in Delinquency on Wednesday, June 4, 2014. As we have written about before, tax issues are inherently complicated, thus making it difficult to give any blanket analysis of certain tax problems. Each individual case is going to have its individual answer, and...
California Franchise Tax Board faces lawsuit to disclose forms
On behalf of Janathan L. Allen, APC posted in Tax Controversy on Monday, June 23, 2014. The California Franchise Tax Board is but one of several tax authorities that Californian’s may have to deal with. If a tax controversy arises for a California business that involves the FTB, the issues...
A Simple Offshore Rental Property Can Create Substantial Issues with the IRS
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FBAR on Saturday, June 14, 2014. If you have any income producing property in a country outside of the US it is important to report it properly to the IRS. As sources of potential revenue have dropped over...
The Immediate IRS Challenge for US Expatriates Isn’t Income Tax, It’s FBAR
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FBAR on Wednesday, May 7, 2014. Many US expatriates focus on the amount of income that is excluded from US federal income taxes, and the thresholds for reporting and taxation. However, the most immediate threat to US expats...