By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Audits on Tuesday, December 16, 2014. Anytime a taxpayer is contacted by the Internal Revenue service, the taxpayer should take notice. The failure to timely respond or even respond at all can have significant consequences for a taxpayer....
Taxpayer Cannot Avoid IRS Mail And Later Challenge Tax Liability (Part 2)
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in California Tax on Wednesday, December 17, 2014. Tax Court Holds Mr. Onyango Cannot Dispute 2006 Tax Liability Mr. Onyango argued that he could challenge his 2006 tax liability under the tax code section allowing a taxpayer to challenge...
Selling items online: What needs to be reported to the IRS?
On behalf of Janathan L. Allen, APC posted in IRS on Friday, December 19, 2014. Online shopping is quickly becoming the preferred method of gift buying at Christmas and nearly any other time of year. Americans love the convenience and competitive prices, and they can often find things online that...
The Effects of the Foreign Account Tax Compliance Act
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FATCA on Sunday, December 21, 2014. The Foreign Account Tax Compliance Act, or "FATCA" as it is known, passed in March 2010, "targets tax non-compliance by U.S. taxpayers with foreign accounts." The FATCA is concerned with reporting by...
What is “Fishing” and Does This Really Happen with the IRS and California State Tax Authorities?
By Janathan L. Allen, APC of Janathan L. Allen, APC on Saturday, November 29, 2014. Fishing is exactly what it sounds like - you are large enough to attract the attention of the IRS or the California BOE or FTD and this is a season of budget shortfalls and revenue...
Treasury Inspector Says IRS Can Improve Processing of Frozen Credit Accounts
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Tax Controversy on Tuesday, December 23, 2014. While the IRS does have certain procedural requirements and standardized systematic checks in place to identify and resolve most frozen credit accounts, the recent Treasury Inspector General for Tax Administration (TIGTA)...
Are Home Delivery Carriers of Newspapers Employees or Independent Contractors?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in California Tax on Saturday, December 20, 2014. We have covered the issue of whether a worker should be classified as an employee or independent contractor, but the issue is an important one for businesses. When a worker is...
When Are Tax Returns Confidential And Privileged From Production? (Part 1)
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Wednesday, December 10, 2014. California is one of the few states that holds tax returns may be privileged and not subject to discovery during civil litigation, except under certain circumstances. The privilege applies to both state...
California Buyers And Sellers Will No Longer Be Able To Hide Price Of Property (Part 1)
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in California Tax on Saturday, December 27, 2014. Earlier this year, California Governor Jerry Brown enacted new legislation that will upset property buyers and sellers hoping to keep the value of a transaction private. Under California's Documentary Transfer Tax...