By Janathan L. Allen, APC of Janathan L. Allen, APC posted in California Tax on Friday, November 28, 2014. Sometimes a San Diego Business or person doesn't have to do anything to run afoul of the California Franchise Tax Board (FTB). I had an issue with the California FTB years...
What is “Fishing” and Does This Really Happen with the IRS and California State Tax Authorities?
By Janathan L. Allen, APC of Janathan L. Allen, APC on Saturday, November 29, 2014. Fishing is exactly what it sounds like - you are large enough to attract the attention of the IRS or the California BOE or FTD and this is a season of budget shortfalls and revenue...
Are Home Delivery Carriers of Newspapers Employees or Independent Contractors?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in California Tax on Saturday, December 20, 2014. We have covered the issue of whether a worker should be classified as an employee or independent contractor, but the issue is an important one for businesses. When a worker is...
California Buyers And Sellers Will No Longer Be Able To Hide Price Of Property (Part 1)
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in California Tax on Saturday, December 27, 2014. Earlier this year, California Governor Jerry Brown enacted new legislation that will upset property buyers and sellers hoping to keep the value of a transaction private. Under California's Documentary Transfer Tax...
California Buyers And Sellers Will No Longer Be Able To Hide Price Of Property (Part 2)
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in California Tax on Sunday, December 28, 2014. Arguments in Support of the Bill The California Senate criticized the prior Documentary Transfer Tax Act as an "outdated statute" that allowed parties to "shield" the amount of transfer tax paid...
California Ranked As One Of The Worst States For Business Taxes
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in California Tax on Thursday, December 4, 2014. Is California ranked as one of the worst states from the perspective of business taxation? The Tax Foundation, an independent tax policy research organization, recently published its annual State Business Tax...
Challenging California Taxes: Passive Interest In California LLC Not Subject To Tax
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in California Tax on Thursday, December 18, 2014. The California Franchise Tax Board is a government agency that is responsible for administering two of California's major tax programs: Personal Income Tax and Corporation Tax. The FTB is tasked with...
Estate Planning: What Is an Ethical Will?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Estates on Saturday, December 6, 2014. No doubt you have heard of wills and trusts before, as well as the concept of estate planning. But what about ethical wills? Not many people use, or even know what, an...
For Business Owners, Any Form of Contact from the IRS is a Red Flag
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Wednesday, December 31, 2014. If you are the owner of a business and have received any form of contact from the IRS you should view it as a red flag, and carefully read the letter they've...