By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Monday, October 20, 2014. The infamous Donald Sterling is still affecting NBA owners (at least those in California) even though he no longer owns the L.A Clippers. California Governor Jerry Brown recently approved a new bill...
Proposition 13: California Legislature Seeks To Close Tax Loophole
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Tax Services on Friday, October 3, 2014. "It must be a cold day in hell. The cow jumped over the moon. And pigs are flying somewhere." That was how Assemblyman Brian Nestande, R-Palm Desert (Riverside County) responded after the...
Protecting Intellectual Property Rights And Trade Secrets
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Legal Services on Wednesday, October 22, 2014. In any type of business or sector, it is imperative that a company take certain steps to protect its intellectual property. Theft and unauthorized use of a company's IP can significantly...
What is a “Water’s Edge” Election?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Tax Services on Wednesday, October 15, 2014. A water's edge election basically says that you (as a business or entity) agree to be taxed within the jurisdiction for the sales that occur within that state, but only within...
What is the Difference Between an IRS “Small Audit” and a Full Blown “Audit”?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Audits on Monday, October 13, 2014. There are several levels of "audit" within the IRS. When most taxpayers think of "audit" they are envisioning a full blown audit where there is a face to face meeting with the...
What should you do when you owe the IRS?
On behalf of Janathan L. Allen, APC posted in IRS on Tuesday, October 7, 2014. Last week, we wrote a post about the inefficient collecting efforts of the Internal Revenue Service. Despite the inherent weaknesses that are going to show up when an agency tries to collect taxes from 316...
2015 tax season is shaping up to be a brutal one
On behalf of Janathan L. Allen, APC posted in IRS on Tuesday, November 25, 2014. Last week, we wrote a post about tax preparation. Obviously this a crucial step in the tax filing process, but the point of the post was to remind everyone that it can be very complicated...
All Business Systems Should Overlap and Interface With One Another
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Accounting Services on Wednesday, November 19, 2014. Accounting, ERP, Point of Sale (POS), inventory and billing systems all have to relate to one another. There have to be checks and balances, and you have to know what those...
Blow to FATCA? Some say yes after result of Weil case
On behalf of Janathan L. Allen, APC posted in Tax Controversy on Thursday, November 13, 2014. We've written quite a bit about the Foreign Account Tax Compliance Act (FATCA), the United States tax initiative that tries to expand the country's tax reach overseas. Essentially FATCA tries to take tax money...