By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Audits on Tuesday, May 19, 2015. A recently proposed class action accuses Costco and California's sales tax authority alleging "the warehouse club collected too much sales tax for the authority from products that were listed as subject to manufacturer...
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California Franchise Tax Board Figures Show Continued Economic Growth
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Business Advice and Counsel on Monday, May 18, 2015. Tax revenues for 2014 surged past the previous year's levels, and well ahead of all forecasts for the State of California. The Franchise Tax Board (FTB) reports revenues of...
Recent Huge Tips in the News Also Mean IRS Attention
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in California Tax on Friday, May 15, 2015. We are often encouraged and inspired when we see news stories about people who leave huge tips for waitresses and waiters. Some are paying back - honoring the sacrifice they themselves...
If you are having tax problems, contact an attorney immediately
On behalf of Janathan L. Allen, APC posted in Tax Controversy on Friday, May 15, 2015. It goes without saying that tax law is a complicated area of law that can leave an individual's head spinning (not literally -- that would be bad). But even though this is an obvious...
Civil Asset Forfeiture Backfires on the IRS
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Thursday, May 14, 2015. When the IRS seized over $100,000 from a North Carolina small business owner, it underestimated the backlash on the civil asset forfeiture procedure. The IRS suspected the small business owner of illicit...
Do I Have to Report a Single Foreign Bank Account With a Low Balance on an FBAR?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FBAR on Monday, May 11, 2015. We are often asked by US expatriates and US citizens with foreign abroad about the amount of the bank account balance that triggers the need to report it on an IRS Foreign...
Reasons for San Diego Small Business Optimism in 2015
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Business Advice and Counsel on Friday, May 8, 2015. San Diego small business is poised to continue strong growth in 2015, and optimistic forecasts by economists and small business owners themselves are encouraging. San Diego has experienced strong...
Is the IRS allowed to seize your home or business for tax debt?
On behalf of Janathan L. Allen, APC posted in IRS on Friday, May 8, 2015. Let's say that you own a home or run your own business. You obviously have some big responsibilities in either case (or both cases). But, unfortunately, you are delinquent on your taxes. As a result...
How Does a San Diego Small Business Survive Financial Setback?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Business Advice and Counsel on Thursday, May 7, 2015. In our fourth installment for "Small Business Week," we turn to the issue of what happens when a San Diego small business finds itself struggling to survive a seemingly...