On behalf of Janathan L. Allen, APC posted in Audits on Wednesday, February 12, 2014. Michael Jackson was larger than life, but even in his death he remains in the headlines. Sadly, the headlines haven't been too uplifting, and the most recent example of this only strengthens that sentiment. The...
Attorney-Client Privilege Key for Californians with Swiss Bank and Investment Accounts
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Thursday, May 15, 2014. How is "attorney-client" privilege going to help with the exposure Californians face thanks to the Swiss Banks and the IRS? You've been sheltering income and assets in your Swiss bank and investment...
Knock, knock. The Franchise Tax Board is calling.
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Audits on Tuesday, August 26, 2014. If you filed your California tax return using the Head of Household (HOH) status, then be prepared get a letter in the mail from your friendly Franchise Tax Board (FTB). The FTB...
Involving California Residents In The Probate Process Through Wiki-Style Legislation
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Estates on Tuesday, October 21, 2014. Estate planning is not just for the uber rich. Whether you have a small estate with just a few assets or you have a multi-million dollar estate, estate planning and management can...
I Don’t Understand How My Costs are Going Up
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Business & Contracts on Saturday, November 15, 2014. Most CEOs of companies who are making decisions should have a CFO who can advise him as to what is happening within each step of production, marketing and distribution. We...
For the procrastinators: you have options for your tax filing
On behalf of Janathan L. Allen, APC posted in Delinquency on Tuesday, December 9, 2014. Imagine that you get your W-2s and other relevant tax information in the mail in early January. "No problem," you think to yourself. "I have plenty of time to get my taxes done." A couple...
IRS: Who Determines Willful or Non-Willful Conduct for Offshore Account and FBAR?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FBAR on Monday, July 7, 2014. The past few months have brought several historic and dramatic developments in respect to offshore financial reporting, the IRS, and questions of whether US taxpayers have shown "willful" or "non-willful" conduct as...
What Should I Do If I Receive an Audit Letter From the IRS?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Audits on Wednesday, September 3, 2014. What should you do if you are notified of an IRS audit? Your first instinct - deep concern - is well founded. The IRS is about to inquire into your personal or...
Bitcoin labeled as property by the IRS
On behalf of Janathan L. Allen, APC posted in IRS on Wednesday, March 26, 2014. Bitcoin has been in the news quite a bit recently, as the controversial virtual currency continues it's up-and-down trend after being released in 2009. Bitcoin is an unregulated virtual currency that can be sent from...