There has been a major change in California independent contractor misclassification law as the result of a recent decision by the California Supreme Court. The ramifications of the decision in this case will be challenging for many San Diego business owners and employers to accept and implement. The new laws...
Is This The End of the OVDP for IRS FBAR Disclosures
Is this the end of the OVDP for IRS FBAR disclosures regarding offshore bank accounts, investment accounts and assets? The IRS has in fact announced it will close the Offshore Voluntary Disclosure Program or OVDP on September 28, 2018. The IRS has strongly recommended that all US taxpayers, including resident...
Many Half Efforts By Business Owners Will Result in Prop 65 Penalties and Litigation
As the deadline of August 30 approaches for California Proposition 65 (Prop 65) compliance I continue to be amazed at the general disregard which many business owners seem to be taking with regard to their responsibilities, exposure and substantial financial risk associated under the oft misunderstood measure. Many half efforts...
What is a Derivative Lawsuit
What is a derivative lawsuit and when is this an effective strategy to resolve shareholder disputes? Are you concerned about the direction of a corporation in which you own a minority position? Are the majority shareholders, executives and Directors leading the business in the wrong direction or making decisions which...
What Most Californians Need to Understand about Tax Reform
While the actual tax code relating to the new tax reform bill is still be written there are some key takeaways most Californians need to understand about tax reform and specific deductions going forward. In a nutshell, be prepared to have less deductions and therefore ultimately pay a larger amount to...
Resolving LLC Member Disputes in San Diego
Are you searching for a firm wish experience resolving LLC member disputes in San Diego in a cost-effective and timely manner? The dispute resolution and litigation team at Allen Barron consists of experienced and proven attorneys with extensive trial expertise. We understand. A long and expensive trial is what you...
Additional Information on Pass Through Business Income Deductions in the New Tax Reform
We are constantly asked for additional information on pass through business income deductions in the new tax reform package. While new tax laws have yet to be formally published, there has been a significant change for those who file as a partner, member or sole proprietor which receives income from...
Allen Barron Works to Resolve San Diego Business Disputes
Allen Barron works to resolve San Diego business disputes in an efficient and timely way. If you are in business it is only a matter of time before you will become involved in a business dispute or lawsuit. Lawsuits and disputes distract you from focusing upon the profitable management of...
Is Bitcoin Triggering IRS FBAR Reporting Requirements?
Is your investment in a cryptocurrency such as bitcoin triggering IRS FBAR reporting requirements for your tax return? What are the potential penalties for failing to disclose your bitcoin holdings, especially if they are housed in an offshore exchange? if you have amassed more than $10,000 in your digital wallet or...