Are you looking for ways to grow your business or expand into new markets? The experienced business consultants and attorneys at Allen Barron can guide you in a merger or acquisition through an asset purchase agreement. There are two ways to purchase a company or competitor: an asset purchase or...
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Postmortem Tidbits from the Panama Papers
It's been more than a year since the international "Panama Papers" scandal hit where 11.5 million documents disclosed the true owners of more than 214,000 offshore "shell" companies. Postmortem tidbits from the Panama Papers provide insight into the genuine risks offshore investors, international businesses, US expats, and foreign nationals living...
Planning for the Risks of a Cross Border Business in San Diego
These are volatile times and planning for the risks of a cross border business in San Diego has never been more important. Signals from Washington have been mixed, yet the probability of a border tax continues to loom for US based businesses here in San Diego. How will future developments...
More Trouble for the California Board of Equalization
There is more trouble for the California Board of Equalization or BOE on the immediate horizon. The California state agency is responsible for the collection of one-third of all California taxes including sales and use taxes, while carrying responsibility for many property tax issues as well as over 30 other...
Recent International Business Developments Generate Cautious Optimism for Some
Several recent international business developments generate cautious optimism for some San Diego business owners. While we await the work the US Congress intends to do on corporate taxes and transfer pricing issues, news out of Mexico today regarding a historic memorandum between the Mexican Senate and the San Diego Regional...
Protecting Yourself in a San Diego IRS Audit
You should be primarily concerned about protecting yourself in a San Diego IRS audit to make sure you aren't providing additional information and leverage to the IRS. The first thing you need to know - it's not in your best interest to speak or communicate directly with the IRS. The...
Hold On as Washington Turns its Focus to a US Corporate Tax Overhaul
The Wall Street Journal (WSJ) noted today that the focus in Washington will now turn to a tax overhaul. How will the various parties in the capital focus on US corporate tax overhaul and will a border tax become reality? How will this impact your business? According to the WSJ...
IRS Large Business and International Division Targeting TEFRA Violations
The IRS Large Business and International Division (LB&I) will be targeting TEFRA violations in partnerships based upon recent changes in partnership related tax law. TEFRA (The Tax Equity and Fiscal Responsibility Act of 1982) regulations applying to partnerships created a set of consolidated IRS audit (examination), processing and judicial procedures which...
IRS Focusing on Transfer Pricing and Offshore Earnings says Wall Street Journal
In a recent article the Wall Street Journal warned that the IRS had released information about 13 "campaigns" to target high-value tax returns for IRS audit. The IRS intends to focus upon and international businesses transfer pricing and offshore earnings and the compliance with IRS FBAR reporting and offshore account...