On behalf of Janathan L. Allen, APC posted in Tax Controversy on Friday, May 9, 2014. A city councilman in California and his wife have been hit with a tax lien totaling more than $35,000 after they failed to pay some or all of their taxes in 2009 and 2010....
Tax bill causes man to threaten IRS agent, face 20 years in jail
On behalf of Janathan L. Allen, APC posted in Tax Controversy on Wednesday, May 28, 2014. Last week, a federal judge ruled that a man was guilty of threatening an agent of the Internal Revenue Service. Apparently the agent was trying to handle a $330,000 tax bill that the man...
How to deal with an audit in a timely and proper manner
On behalf of Janathan L. Allen, APC posted in Audits on Thursday, May 15, 2014. It's been about a month since Tax Day, and there may be some people out there who are biting their fingernails out of fear of an audit. We talked about this very topic around Tax...
How Does the IRS Offshore Voluntary Disclosure Program Work and How Does That Affect my California Taxes?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FBAR on Saturday, May 17, 2014. The IRS has developed the Offshore Voluntary Disclosure Program (OVDP) to allow taxpayers who have failed to disclose any offshore asset or financial account through mandatory FBARs to petition the IRS for...
FBAR – Right Off of the IRS Schedule B (Form 1040A or 1040)
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FBAR on Friday, May 23, 2014. Schedule B of the 1040(A) tax forms gets right to the heart of FBAR and the issues facing foreign born individuals living and working in the United States on a green card,...
Californians with Foreign Accounts and Property Need a Tax Attorney Not Just a CPA
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FBAR on Monday, May 26, 2014. Californians represent the largest portion of those with unreported Swiss financial accounts, and anyone with unreported foreign assets or accounts needs an experienced tax attorney, not simply a CPA. Why? The primary reason...
Attorney-Client Privilege Key for Californians with Swiss Bank and Investment Accounts
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Thursday, May 15, 2014. How is "attorney-client" privilege going to help with the exposure Californians face thanks to the Swiss Banks and the IRS? You've been sheltering income and assets in your Swiss bank and investment...
24% of Those with Unreported Swiss Account Holdings Were California Residents
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Saturday, May 24, 2014. In February of this year, the US Government Accounting Offices (GAO) released a report that showed a staggering $2 Trillion dollars in hidden Swiss bank and investment accounts, and that 24% of...
The IRS is Seizing Tax Refunds of the Children of Many Social Security Recipients
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Tax Controversy on Thursday, April 24, 2014. How can the IRS legally claim and seize my refund based on some social security issue with my parent(s)? According to a recent Washington Post article, the IRS has seized hundreds...