Extended Income Tax Deadlines for California and the IRS Are you searching for information regarding extended income tax deadlines for California and the IRS in 2023? California has joined the IRS in extending the deadline for filing 2022 income tax returns and associated payments until October 16, 2023. The extension...
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ABCast Episode 17 – Real Life Scenarios Part 2
We are pleased to announce the release of ABCast Episode 17 - Real Life Scenarios Part 2. In our conversation regarding real life scenarios to avoid and to attain, Episode 17 - Real Life Scenarios Part 2 begins with a comprehensive conversation regarding cryptocurrency and Non-Fungible Tokens or NFTs. Janathan...
Is It Time for an Estimated Payment or to File a Personal or Corporate Tax Return?
Is it time for an estimated payment or to file a personal or corporate tax return to the IRS or the FTB? For those on a calendar tax year there is a final estimated tax payment due to the IRS for federal taxes and the California Franchise Tax Board (FTB)...
ABCast Episode 16 – Real Life Scenarios Part 1
In this episode of ABCast Episode 16 - Real Life Scenarios Part 1 Janathan Allen discusses genuine real life scenarios providing examples of challenges our clients have faced when Allen Barron has been able to provide valuable services to solve our client's problems and fix integrated legal, tax and accounting...
Extension on Federal and State Taxes – Should I Consider it?
What are some of the benefits of planning on filing an extension on federal and state taxes. Is this a strategy you should consider? Remember in years' past when you got your W-2s, K1s, international banking and asset disclosures, foreign income data and other important tax documents in January, and...
Listen to ABCast Episode 15 – A Primer on Trusts
We invite you to listen to ABCast Episode 15 - A Primer on Trusts which is now available in our series of podcasts focused upon the legal, tax, accounting and business consulting services provided by Allen Barron, Inc. In this podcast, we begin with an overview of several key terms...
ABCast Episode 14 – Tax Planning
ABCast Episode 14 - Tax Planning discusses the basis for and value of tax planning for individuals as well as corporate entities. Many taxpayers greatly undervalue the process of tax planning. Much like a trip to the dentist, tax planning never seems like something to actively anticipate. In this episode...
How will the IRS Discover Your Crypto Assets Wherever They Are?
One of the most common questions owners of cryptocurrency and Non-Fungible Token (NFT) accounts asks is “How will the IRS discover your crypto assets wherever they are? Isn’t that the whole point (offshore exchange accounts are a safe hiding place?)” The answer lies in the implementation of FATCA (Foreign Account...
ABCast Episode 13 – Cryptocurrency and NFT Services
In the ABCast Episode 13 - Cryptocurrency and NFT Services Jan discusses the impact of onshore and offshore ownership of cryptocurrency and Non-Fungible Tokens or NFTs from a tax and accounting perspective. What are some of the common misconceptions US citizens tend to believe regarding IRS compliance, tax reporting and...