By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Sunday, November 23, 2014. If you are a San Diego business it is important to understand the nature of every item or ingredient you purchase in order to assemble the products you sell, and the ramifications...
If Your Canadian, Swiss or Foreign Banks are Sending You Forms Here In San Diego It’s Time to Call Allen Barron
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FATCA on Sunday, November 9, 2014. The FATCA agreement between the United States and Canada, and other sovereign nations and their institutions means direct reporting of your accounts and assets to the IRS. Some banks are sending W-9's...
If You Have Been Audited by California’s FTB You Can Plan on Subsequent Audits for 3 Additional Years
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in California Tax on Sunday, November 30, 2014. If the FTB has elected to audit your tax returns you should be exceptionally wary, and employ the experienced tax attorneys at Allen Barron to protect your interests and minimize potential...
How Can We Move Money Into San Diego or the United States if We’ve Hidden it Offshore?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FATCA on Tuesday, November 4, 2014. Recently, there have been many cases of people who are trying to determine a strategy for moving large sums of money from offshore accounts to accounts here in San Diego. It has...
FBAR Does Apply to Domestic Fraud As Well. Foreign Nationals in San Diego Have to Pay US Taxes
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FBAR on Wednesday, November 5, 2014. If you are a foreign national living and working in the San Diego or anywhere in the US, you are required to pay tax on all US income to the IRS, and...
Expats Have to Consider Income Earned Offshore and Are Required to File IRS Tax Returns Regardless of Whether US Income Tax is Owed
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FATCA on Monday, November 10, 2014. There has been some confusion over the years as to whether or not US expats are required to file IRS tax returns. The answer is simply: yes, they do. Even if there...
Dominant Company Deemed “Employer” Of Employees From Another Company
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Business & Contracts on Saturday, November 1, 2014. Businesses owners need to understand the importance of choosing the right business entity and how to properly navigate the legal aspects of operating a business. Selecting a particular business entity...
Combining Labor, Installation and Construction Can Generate Complicated Tax Issues for San Diego Businesses
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in California Tax on Tuesday, November 25, 2014. I find that most questions of sales tax seem to be pretty straight forward for most experienced San Diego business clients. But if your business model involves a strategy that combines...
Can I Gain a Tax Advantage By Taking My Social Security and Investment Income and Retiring to a Foreign Country
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in US Expatriates on Tuesday, November 11, 2014. If you are receiving Social Security, and you have investment income here in the United States you will still be required to file a US tax return and pay appropriate income...