By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FBAR on Thursday, December 17, 2015. The IRS recently announced the addition of several foreign banks and institutions to its list of 50% OVDP penalty institutions. These banks have been found by the IRS to help US taxpayers...
IRS FBAR Penalties for Willful and Non-Willful Conduct
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FBAR on Wednesday, October 21, 2015. If you have a combined total of more than $10,000 in offshore bank accounts, assets or investments you are required to file an FBAR or Foreign Bank Account Report with the IRS...
Highway funding and passport revocation: a connection, please?
On behalf of Janathan L. Allen, APC posted in IRS on Wednesday, December 9, 2015. Many California residents -- in fact, scores of millions of Americans across the country -- regularly scratch their heads over politics as they are played out on Capitol Hill. In fact, much about the country's...
New rights proposed for taxpayers under new bill
On behalf of Janathan L. Allen, APC posted in Back Taxes or Tax Debt on Thursday, June 25, 2015. So much of what we write here on this blog may make taxpayers feel insignificant and powerless when they are facing the IRS. Taxes are complicated and very, very important --...
IRS may be overwhelmed this tax season
On behalf of Janathan L. Allen, APC posted in IRS on Wednesday, January 14, 2015. In a very interesting report published by the Federal Advocate for Taxpayers, there are some serious accusations that the Internal Revenue Service may not be able to respond adequately -- or at all -- to...
Forming a New Company in San Diego Requires More than Downloaded Forms
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Business Formation on Friday, November 27, 2015. So many business entrepreneurs believe that forming a new business is as simple as downloading a few forms and paying some fees to the State of California. Forming a new LLC,...
Happy Thanksgiving San Diego
By Janathan L. Allen, APC of Janathan L. Allen, APC on Thursday, November 26, 2015. Allen Barron would like to wish all of you a Happy Thanksgiving, and hope you enjoy safe travels if you are on the road this holiday. The year has brought many good things to the...
A special FATCA concern for some relating to foreign trusts
On behalf of Janathan L. Allen, APC posted in IRS on Monday, November 23, 2015. From China to Chile and from Ireland to Indonesia, Americans abroad have suffered great angst -- make that outright fear -- and frustration over the past several years from the muscle flexing of the Internal...
Effective Employment Contracts and Questions of Independent Contractor Relationships
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Business & Contracts on Friday, November 20, 2015. Effective employment contracts are one of the anchors of a successful and profitable business here in San Diego. What are a few effective strategies to include in an employment agreement,...