By Janathan L. Allen, APC of Janathan L. Allen, APC posted in California Tax on Thursday, September 17, 2015. The man in charge of the development of California's Centralized Revenue Opportunity System or CROS submitted his resignation to the Board of Equalization or BOE effective 9/23. The $309M CROS project...
How alimony can affect your tax filing
On behalf of Janathan L. Allen, APC posted in Tax Controversy on Wednesday, September 16, 2015. Tax filings, in many ways, capture a significant picture of your life -- or at least your life from the past year. They are obviously very important, and it is imperative that you provide...
Beginning Year-End Tax Planning for Your Business
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Business Advice and Counsel on Tuesday, September 15, 2015. With the completion of the September 15th tax due date for businesses who requested an extension in March, attention should turn to tax planning as year end approaches. There...
The US Department of Labor Weighs In on “Employee v. Independent Contractor”
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Audits on Monday, September 14, 2015. The US Department of Labor has issued an update to it's own six factor test for whether to classify a person as an "employee" or an "independent contractor." This is a hotly...
India Taking Cues from FATCA in Search of “Black” Money
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Audits on Friday, September 11, 2015. The IRS has deployed a double prong approach under the Foreign Account Tax Compliance Act or FATCA: 1. Force foreign banking institutions, investment houses and sovereign tax authorities to provide information regarding...
Do Legitimate Deductions for Research and Development and Conservation Increase IRS Audit Risk?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Audits on Thursday, September 10, 2015. Recent reports have placed the IRS at odds with the will of Congress and the legitiimate deductions businesses and individuals may claim on their tax returns. The two areas of concern include:...
What Began as a Transfer Pricing Audit has become a Brawl Between Microsoft and the IRS
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Audits on Wednesday, September 9, 2015. It seemed simple enough: The IRS sends Microsoft a notice about an intent to audit transfer pricing between Microsoft and several offshore affiliates. However, the IRS used an external law firm to...
Vice Chair of California Board of Equalization or BOE has Advice for Small Businesses
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in California Tax on Friday, September 4, 2015. The Vice Chair of the California Board of Equalization or BOE often conducts seminars for small business professionals to help them to avoid tax issues with the powerful California taxation authority. ...
IRS Continues To Increase FBAR Pressure on US Taxpayers
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FATCA on Thursday, September 3, 2015. The IRS continues to increase the pressure on US taxpayers to come into full compliance with FBAR reporting, and to pay the price when they do not. The IRS recently added several...