There are many businesses with global interests here in San Diego. Tax time can be especially challenging as international business tax returns require extensive skill and knowledge, as well as experience. The international business and tax attorneys at Allen Barron provide a comprehensive palette of services including tax, accounting, legal...
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Parents Who Need to Establish a Living Trust
The decision to provide lasting legal protections for one's children, other family members, friends, and the causes that are important to you is one of the most significant protective measures one can take for their family. Getting Started with Parental Estate Planning For parents who need to establish a living...
Strategies to Reduce Capital Gains When Selling a California Business
The decision to sell a business can be driven by timing, market conditions, or long-term planning. What many owners underestimate is how much of the outcome is determined not by the sale price, but by what remains after taxes. The effort to reduce capital gains when selling a California business...
The Challenges of Offshore Investments
International investing can provide diversification and access to global markets, but U.S. taxpayers must understand the regulatory and tax compliance obligations that accompany offshore holdings. The challenges of offshore investments often arise not from the investments themselves, but from the complex reporting requirements imposed under U.S. tax law. Failure to...
The Need for an Experienced California EDD Audit Attorney
The California Employment Development Department (EDD) regularly audits corporations with operations within the state. You need an experienced California EDD business audit attorney to protect you during an EDD audit, especially if you have 1099 workers. Key Takeaways About the Need for an Experienced California EDD Audit Attorney: A business...
Ignorance of FBAR Reporting and Worldwide Income Disclosure is No Excuse for a U.S. Taxpayer
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...