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IRS Audit: The Importance Of Retaining Your Records

By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Sunday, October 19, 2014. An Internal Revenue Service audit is when the IRS reviews an individual's or a company's financial records and accounts to make sure that information is being properly reported and to verify the taxes...

Millions of Dollars Of Credits Are Frozen In Taxpayer Accounts

By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Tax Controversy on Monday, December 22, 2014. According to a recent report from the Treasury Inspector General for Tax Administration, the Internal Revenue Service has failed to take action to resolve millions of dollars in so-called "frozen credit...

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...