On behalf of Janathan L. Allen, APC posted in Audits on Thursday, April 3, 2014. It's not often you get a story about taxes that is actually fun. Thankfully, one man's thorough documentation of his living and spending habits has provided us with just such a story. The man in...
More than $2.8 million paid by IRS to workers owing back taxes
On behalf of Janathan L. Allen, APC posted in IRS on Wednesday, April 30, 2014. A recent report from the Treasury inspector general for tax administration found that from Oct. 2010 to Dec. 2012, more than $2.8 million in bonuses was paid by the Internal Revenue Service to employees who either...
Tax Day is also Extension Day for those who need some more time
On behalf of Janathan L. Allen, APC posted in Delinquency on Thursday, April 10, 2014. Remember when you got your W-2s back in January, and you thought to yourself "this is going to be the year that I get my taxes done early!" Then a few days passed, followed by...
Tax rates change from state to state, and from law to law
On behalf of Janathan L. Allen, APC posted in Tax Controversy on Tuesday, April 22, 2014. About a month ago, we wrote a blog post about how different your tax rate would be if you were to live in different areas of the country. There are drastic shifts depending on...
The IRS is Seizing Tax Refunds of the Children of Many Social Security Recipients
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Tax Controversy on Thursday, April 24, 2014. How can the IRS legally claim and seize my refund based on some social security issue with my parent(s)? According to a recent Washington Post article, the IRS has seized hundreds...
24% of Those with Unreported Swiss Account Holdings Were California Residents
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Saturday, May 24, 2014. In February of this year, the US Government Accounting Offices (GAO) released a report that showed a staggering $2 Trillion dollars in hidden Swiss bank and investment accounts, and that 24% of...
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...
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...
FBAR – Right Off of the IRS Schedule B (Form 1040A or 1040)
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FBAR on Friday, May 23, 2014. Schedule B of the 1040(A) tax forms gets right to the heart of FBAR and the issues facing foreign born individuals living and working in the United States on a green card,...