Our offices have handled many cases of U.S. taxpayers, expatriates, and foreign nationals and spouses who live and work in the United States, with offshore accounts, assets, investments, business interests, or income. Many were not aware the U.S. taxes all income, worldwide. U.S. taxpayers are required by law to understand...
IRS Audits Are Fewer in Number but Increasingly Aggressive
The agency itself recently stated IRS audits are fewer in number but increasingly aggressive based upon the "decrease in resources available for examinations." AI has become the agency's primary tool to identify tax return anomalies, errors, and omissions, and target appropriate taxpayers for closer examination and/or audit. Key Takeaways From...
How to Deal with the IRS on Back Taxes
Are you concerned about how to deal with the IRS on back taxes? Have you received a communication from the IRS, such as a CP14 "Notice of Tax Due and Demand for Payment"? Take a breath, you have more options and time than your accelerating heartbeat would leave you to...
What Will Happen to Your Company if You Aren’t There to Run It?
What will happen to your company if you aren’t there to run it? What happens if you are seriously injured in an accident, incapacitated, suffer a serious illness or lose your life? Most business owners spend their time focused on the operation of their business, and the next steps in...
The Most Important Recent Changes in U.S. GAAP Accounting Standards:
What are some of the most important recent changes in U.S. GAAP Accounting Standards? Why is it important for public and private companies and corporations that do business in the United States to understand and apply all U.S. GAAP (Generally Accepted Accounting Principles) Accounting Standards? How can Janathan L. Allen,...
Proven California Sales and Use Tax Audit Representation
Are you searching for proven California sales and use tax audit representation? Have you received notification of a California sales and use tax audit by the California Department of Tax and Fee Administration (CDTFA)? Key Takeaways for Those Looking for Proven California Sales and Use Tax Audit Representation: California sales...
If You Own Your Home in California You Should Have a Trust
If you own your home in California you should have a revocable trust and an estate plan to avoid the substantial expense of probate, protect your assets and ensure your beneficiaries receive the benefit of your wishes. Key Takeaways About If You Own Your Home in California You Should Have...
Legal and Accounting Services for Trustees and Executors
Allen Barron provides legal and accounting services for trustees and executors here in San Diego, and throughout the State of California. Most people are completely unaware of the heavy personal legal and financial responsibility they accept when they agree to serve as the executor of an estate or the trustee...
Are You a Foreign National Living and Working in California
Foreign nationals living and working in California—particularly in cities like San Diego, Los Angeles, San Francisco, and San Jose (Silicon Valley)—are often surprised by how quickly U.S. tax obligations can apply. Whether you entered the United States on an H-1B visa, L-1 visa, O-1 visa, or another employment-based visa, it...