By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Business Formation on Thursday, November 19, 2015. What value can an attorney really provide to an entrepreneur who is starting a new company or business in San Diego? Why shouldn't a person just go download forms from a...
IRS Revenue Officers Receive Training Regarding Bitcoin
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Tuesday, November 17, 2015. IRS revenue officers have recently completed training provided by the US Financial Crimes Enforcement Network (FinCEN) regarding Bitcoin - the online monetary system. The agency has jurisdiction over Bitcoin, and is working...
FATCA compliance complications continue
On behalf of Janathan L. Allen, APC posted in Tax Controversy on Monday, November 16, 2015. As we have made clear many times on this blog, compliance with the Foreign Account Tax Compliance Act has been anything but simple. This has been true since passage of the act in 2010....
IRS Focusing In on International Audits, International Corporate Ownership Interests and Form 5471
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in International Business on Friday, November 13, 2015. The IRS recently released guidelines for its revenue officers regarding the pursuit of investigations relating to IRS Audits of US taxpayers with foreign interests. The guidelines are designed to help IRS...
Effective Contracts are Key to Supply Chain Management
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Business & Contracts on Wednesday, November 11, 2015. Effective business contracts are one of the keys to supply chain management. Most mid-sized to large businesses understand the critical nature of controlling costs associated with your supply chain and...
An Effective Operating Agreement Can Prevent a Lot of Member Disputes in an LLC
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Business Formation on Tuesday, November 10, 2015. The quality of your operating agreement will determine the likelihood and scope of disputes between members in an LLC. When you go to a download form site, or simply copy some...
IRS Audit Strategy Tightens Due to Budget Cuts
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Audits on Monday, November 9, 2015. The IRS has been forced to tighten it's audit strategy due to recent budget cuts, and IRS Commissioner John Koskinen clearly attaches the reduced number of audits to a 10% cut in...
How could you get a lien and what could you do to remove it?
On behalf of Janathan L. Allen, APC posted in Back Taxes or Tax Debt on Thursday, November 5, 2015. Many people here in San Diego may be struggling with tax debt, but they do what they can to adequately and properly address the problem. Some people, though, may either ignore...
California BOE Loses Another Appeal – This One Relating to Software
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Audits on Wednesday, November 4, 2015. The California Board of Equalization or BOE has lost another appeal, this time relating to the assesment of sales tax on the sale of software by Lucent Technologies. California law prohibits the...