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...
Californians with Foreign Accounts and Property Need a Tax Attorney Not Just a CPA
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FBAR on Monday, May 26, 2014. Californians represent the largest portion of those with unreported Swiss financial accounts, and anyone with unreported foreign assets or accounts needs an experienced tax attorney, not simply a CPA. Why? The primary reason...
New law would forgive back taxes of elderly
On behalf of Janathan L. Allen, APC posted in Back Taxes or Tax Debt on Monday, August 18, 2014. The proposed law that we are about to talk about won't apply here in California -- but the idea it proposes is an interesting one. Pennsylvania lawmakers will consider a rule...
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...
Sales and Use Tax Can Be a Murky Subject for Many San Diego Businesses
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in California Tax on Monday, November 24, 2014. San Diego businesses are responsible for the collection of sale or use tax, as well as reporting and paying those taxes in a timely manner to various California taxation authorities. Tax...
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...
What happens when the IRS levies your bank account?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Tax Controversy on Friday, August 29, 2014. Remember the last time you received a tax refund from the IRS for over $75,000, even though your income was barely $20,000? I don't either. This situation, however, happened to one...
The Internal Revenue Service Complies With Its Own Laws, Sometimes
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Back Taxes or Tax Debt on Wednesday, October 8, 2014. "Wherever we can, we follow the law." This is the response that IRS Commissioner John Koskinen recently gave when he was questioned by Congress regarding whether the IRS...
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...