Did you know cryptocurrency can lead to an increased IRS audit risk? The IRS has taken a hard look at cryptocurrencies such as Bitcoin and now demands to know about any transactions you've conducted. The failure to report cryptocurrency holdings and transactions substantially increases your risk of an IRS audit....
Europeans Blacklist the Cayman Islands and 3 Others as Tax Havens
International tax pressures continue to mount as Europeans blacklist the Cayman Islands and 3 others as tax havens. The finance ministers of the European Union (EU) have identified The Cayman Islands (a British overseas territory) as well as the Seychelles, Palau and Panama. According to the EU these jurisdictions have...
Costly Facts About IRS PFIC Rules US Taxpayers Should Know
What are some other unfortunate and costly facts you must know about IRS PFIC rules and your investments? There has been a growing issue with Passive Foreign Investment Company or PFIC designations by the IRS. US taxpayers are consistently surprised to learn that their investment qualifies under IRS PFIC rules....
Proven Business Experience in Challenging Times
What is the value of proven business experience in challenging times like these? What if you could draw upon the experience of an executive who has served as the CEO of a publicly traded company with millions in revenue and as Director of Manufacturing Operations for a major international telecommunications...
Transfer Pricing is Key for International Business Taxation Strategies
Transfer pricing is key for international business taxation strategies. Transfer pricing is the cost paid for goods or services exchanged between affiliated corporations. Transfer pricing has increasingly become a target for the IRS and California state taxation agencies. Transfer pricing is also one of the primary ingredients for many international...
Take Advantage of Recent Tax Laws for Real Estate
How can you take advantage of recent tax laws for real estate regarding investment property or rental real estate in San Diego? Why should you consider this form of investment in the years to come? I recently presented in a seminar entitled "Do You Want To Learn How to Take...
Tax Preparation for S Corporation Shareholders
Tax preparation for S Corporation shareholders is quite complicated. While there are substantial advantages for many owners or shareholders of an S Corporation there are also substantial risks which can lead to an IRS audit. Corporations which elect subchapter S tax status allow income to pass through to the shareholders...
Defending San Diegans in an IRS Audit
Are you looking for skilled tax attorneys with extensive experience defending San Diegans in an IRS audit or tax dispute? Allen Barren has decades of experience in legal and tax matters here in San Diego and throughout the greater Southwest US. We represent individuals and business owners who have been...
Substantial Decision in Prop 65 Appeal Highlights Risk for Businesses
The substantial recent decision in a Prop 65 appeal highlights risk for businesses under California's Proposition 65 as it applies to the upcoming deadline to come into compliance with clear and reasonable warning labels. In the case of "Mateel Environmental Justice Foundation v. Office of Environmental Health Hazard Assessment" the...