By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FBAR on Monday, October 5, 2015. The vision that was encompassed in the design and passage of the Foreign Account Tax Compliance Act or FATCA has been formally realized. The IRS recently announced that the swap of data...
Ohio Judge Slams Presidential Candidate on FATCA and FBAR
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FATCA on Friday, October 2, 2015. Presidential Candidate Rand Paul, and six others who filed suit in an Ohio jurisdiction challenging portions of the Foreign Account Tax Compliance Act or FATCA have been handed a severe setback in their case. ...
IRS Files $80,000 Lien Against Dallas Cowboy Dez Bryant
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Back Taxes or Tax Debt on Thursday, October 1, 2015. According to published reports from several sources the IRS has filed a tax lien for almost $80,000 against Dallas Cowboy star receiver Dez Bryant. The lien relates to...
October 15 is close, so get your time-extended filing ready
On behalf of Janathan L. Allen, APC posted in IRS on Monday, September 28, 2015. We've written about tax filings extensively, and one of the aspects of tax filings that is important for everyone to know is that you can give yourself a six-month extension for filing your taxes. Through...
Did the IRS Miss Millions in Taxes in Fines from Insurance Companies?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Audits on Friday, September 25, 2015. The IRS may have missed several million dollars in taxes and associated fines relating to insurance companies and their handling of the Affordable Care Act or ACA. The ACA establishes an annual...
Tax lien spells trouble for Tyga
On behalf of Janathan L. Allen, APC posted in Delinquency on Thursday, September 24, 2015. The Internal Revenue Service recently filed a tax lien against rapper Tyga, after the musical artist did not meet his tax obligations in 2009, 2010 and 2011. From what it sounds like, Tyga is having...
Last Minute Deduction Suggestions for Individuals Completing Extended IRS Returns in October
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Wednesday, September 23, 2015. So, you've extended your IRS tax return, and now the October 15th deadline is rapidly approaching. We thought you might appreciate a few ideas to help wring a few extra dollars out...
Is Your Personal Information Safe with California Tax Agencies?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in California Tax on Monday, September 21, 2015. The California state auditor reported last week that we Californians are at great risk when it comes to our personal information, health records and California tax returns. When you consider the...
IRS wants $3.3 Billion in Additional Taxes from Coke after Audit
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Friday, September 18, 2015. With the completion of a 5 year IRS tax audit, the agency has notified Coca-Cola that it owes $3.3 Billion in back taxes and interest following an IRS audit of tax years...