What is California's unitary method of taxation around the world, and how does it affect individuals with offshore investments, U.S. expatriates, and multistate and multinational corporations? Central Points about California's Unitary Method of Taxation: The State of California taxes its citizens on worldwide income, not just income earned here in...
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The Two Sources of Income Tax Audits in California
There are two sources of income tax audits in California: those initiated by the State of California Franchise Tax Board (FTB) and those based on audits conducted by another agency, such as the IRS. This second form of audit, often referred to as a "Piggy-Back Audit," is one of the...
Expanding an International Business to San Diego or the U.S.
Are you considering expanding your international business to San Diego or the United States? Are you planning to start a new business entity to add to the existing constellation of your companies, or are you considering a joint venture with an existing American business? These decisions can be quite complex....
The Prudence of Estate Planning
The prudence of estate planning extends far beyond the question of “what happens to my money, assets, and belongings at the end of my life?” Estate planning facilitates shrewd planning and management of one’s life and resources, protects the interests and assets you’ve worked so hard to build, reduces the...
The Risk of California FTB Audits is Increasing
Did you know that the risk of California FTB audits is increasing when compared to the trend of IRS audits in 2025? The California Franchise Tax Board, or FTB, has recently invested in advanced data processing systems and AI applications. This, combined with streamlined information sharing with the IRS, Employment...
Succession Planning for Business Owners
What is succession planning for business owners? How does this affect the short and long-term interests of your company and its value? Why should you be concerned about succession planning if you own a business or a significant interest in an LLC, S-Corporation or C-Corporation? Key Takeaways about the Importance...
California and IRS Tax Attorney in San Diego
Are you searching for an experienced California and IRS tax attorney in San Diego? When legal professionals refer to California or IRS audits or tax issues, they are usually speaking of the types of interactions that a person or business might have with the IRS or a California tax agent,...
Integrated Professional Services Provide Stronger Business Outcomes
How can integrated professional services provide stronger business outcomes for your business? Why should you consider the integrated legal, tax, accounting, and business consulting and advisory services of Allen Barron, Inc., instead of relying upon the separate opinions and services of an accountant, business attorney, tax attorney, tax preparer, estate...
Substantial Recent Reduction in the IRS Workforce
What does the substantial recent reduction in the IRS mean for U.S. taxpayers and expatriates? How will staff reductions affect the agency’s ability to audit and collect taxes owed by U.S. taxpayers around the world? What impact will the newly confirmed IRS Commissioner have on the agency’s future? According to...