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Why Should US Taxpayers With Offshore Accounts and Assets Be Cautious When Considering the Streamlined Domestic Offshore Procedures?

Why shouldn't every US taxpayer with offshore accounts or assets choose the Streamlined Domestic Offshore Procedures when coming into compliance with the IRS and FBAR reporting requirements under FATCA?  Why wouldn't a US taxpayer simply want to claim "non-willful" conduct in their disclosures of offshore bank accounts, investments and assets...

Business Contracts are the Foundation of Your Company

The foundation of business transactions are contracts.  Without contracts, business relationships falter, agreements are less than clear, expectations are not met and disputes arise.  A sound business manager ensures that the company has effective contracts for every are of the business including: employee relationships employment handbooks, policies and procedures contracts...

Topical focus: IRS and charity-related tax reporting

On behalf of Janathan L. Allen, APC posted in IRS on Wednesday, December 16, 2015 Collectively speaking, Americans are a charitable bunch. Millions of people across the country, and certainly in California, regularly donate time, services and money to nonprofit groups and other organizations that do good in their communities....

Creating a Family Trust in San Diego

By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Estates on Tuesday, December 1, 2015. What is a family trust, and why is it important for most California families to consider?  Generally speaking, a family trust, also known as a revocable living trust, allows the creators to place...

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...