There has been a substantial development in the past week affecting international business as Amazon savors a huge win against the IRS on transfer pricing related tax disputes. The findings of a US Tax Court were stark: "The IRS acted in an arbitrary, capricious, and unreasonable manner when it applied...
A Reminder that IRS FBAR Reporting is Due Along with Your Tax Return This Year
Just a reminder that your IRS FBAR reporting is due along with your tax return on April 18th this year. The Foreign Bank Account Reports (referred to as FBAR) have previously been due later in the year, but 2017 marks a permanent change going forward. US taxpayers, including foreign nationals...
San Diego Corporate Governance and Compliance to Protect the Corporate Veil
You must maintain active and persistent San Diego corporate governance and compliance to protect the corporate veil of your company from creditors. There are many tasks which must be fulfilled throughout the year to comply with California's corporate governance and compliance issues. Many companies have an established governance and compliance...
Owe the IRS more than $25,000? IRS Collection Efforts are Ramping Up
Do you owe the IRS more than $25,000? If so, it is time to contact Allen Barron and discuss a strategy to resolve your tax burdens as the IRS collection efforts are ramping up with external collection agencies and the threat of passport revocation. Allen Barron has successfully represented taxpayers...
The Advantages of a San Diego Stock Purchase
What are the advantages of a San Diego stock purchase to complete a merger or acquisition? Why wouldn't an asset purchase be the best strategy for any buyer? The simple answer is a stock purchase allows the buyer to "step into the shoes" of the seller, and assume control of...
Merger or Acquisition through an Asset Purchase
Are you looking for ways to grow your business or expand into new markets? The experienced business consultants and attorneys at Allen Barron can guide you in a merger or acquisition through an asset purchase agreement. There are two ways to purchase a company or competitor: an asset purchase or...
Postmortem Tidbits from the Panama Papers
It's been more than a year since the international "Panama Papers" scandal hit where 11.5 million documents disclosed the true owners of more than 214,000 offshore "shell" companies. Postmortem tidbits from the Panama Papers provide insight into the genuine risks offshore investors, international businesses, US expats, and foreign nationals living...
Planning for the Risks of a Cross Border Business in San Diego
These are volatile times and planning for the risks of a cross border business in San Diego has never been more important. Signals from Washington have been mixed, yet the probability of a border tax continues to loom for US based businesses here in San Diego. How will future developments...
More Trouble for the California Board of Equalization
There is more trouble for the California Board of Equalization or BOE on the immediate horizon. The California state agency is responsible for the collection of one-third of all California taxes including sales and use taxes, while carrying responsibility for many property tax issues as well as over 30 other...