By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FBAR on Wednesday, April 22, 2015. Why did the US legislature pass FATCA? Why did the US Justice Department spend years and millions of taxpayer dollars pursuing foreign banks and investment houses in international courts? Why did a...
What Happens in California When The Deceased Has an Out of State Trust?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Estates on Tuesday, April 21, 2015. What happens when the a person who dies in California executed their trust in another state? What if they were a foreign national, and the will or trust was established in another...
Woman Contacted by IRS Regarding False Identity Return Not Alone
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Monday, April 20, 2015. The IRS has been contacting some taxpayers, including one woman in Lawrence Kansas, requesting additional identification due to a substantial increase in identity theft and fraud relating to using a false identity to...
IRS Targeting “Microcaptives” as Potential Tax Schemes
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Audits on Friday, April 17, 2015. The IRS has targeted and is agressively auditing "Microcaptives" as one of the more common schemes to avoid paying taxes. Larger corporations have created their own "captive" insurance companies for years. This...
MSNBC Newscaster Has $70,000 IRS Tax Lien Against Her
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Tax Controversy on Thursday, April 16, 2015. Melissa Harris-Perry, an MSNBC newscaster and a professor at Wake Forest University, is the subject of an IRS tax lien for $70,000 according to several news sources. The Winston-Salem Journal noted...
Happy Tax Day! Let’s review some important tax information
On behalf of Janathan L. Allen, APC posted in Back Taxes or Tax Debt on Wednesday, April 15, 2015. April 15. A day of dread for most Americans out there, but also a very important dreadful day. By the end of today, you must have your tax filings sent in...
Calling all expats: do you have your income taxes in order?
On behalf of Janathan L. Allen, APC posted in IRS on Tuesday, April 14, 2015. There are many reasons why citizens of the United States may leave the beautiful shores of San Diego to live in another country either temporarily or permanently. Employers may have asked them to transfer to...
Californians Have the Highest IRS Audit Risk in the US
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Audits on Monday, April 13, 2015. According to "Accounting Today", a recent study showed that more Californians are audited than the residents of any other state in the US. This was based on a large sample of 1.4...
Why Should We Care that Your IRS Auditor is Overworked and Stressed to the Limit?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Audits on Friday, April 10, 2015. IRS commissioner John Koskinen recently spoke at the Urban-Brookings Tax Policy Center in Washington discussing the pressures placed on the IRS and its employees. Commissioner Koskinen noted the double impact of substantial...