On behalf of Janathan L. Allen, APC posted in Back Taxes or Tax Debt on Tuesday, January 7, 2014. The new year is here, and while the celebrations for 2014 were robust, in a few months many of those people who celebrated will be groaning as Tax Day approaches. As...
Currency Into the Country Can Create Havoc with the US IRS
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FBAR on Monday, April 28, 2014. India is presently encouraging its citizens abroad to open special bank accounts in India to transfer US currency into the country. In and of itself, this isn't the challenge. It's the resulting...
IRS Conditioned Installment Agreement Upon Filing of Notice of Lien (Part 2)
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Tuesday, February 3, 2015. So, what happened at the IRS Collection Due Process (CDP) Hearing? The hearing resulted in the sculptor agreeing to the terms of an installment agreement for full payment of his assessed liability....
IRS Audit Enforcement 20% Lower than 2010 According to USA Today
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Friday, March 20, 2015. The USA Today released an article yesterday citing the "Center on Budget and Policy Priorities" which stated the IRS has 20% less resources for enforcement today than in 2010. So is it...
New York Times Warns of IRS Crackdown on Family Limited Partnerships or LLCs
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Estates on Monday, August 10, 2015. The New York Times recently wrote that the IRS was about to tighten the rules on the abuse of "Limited Family Partnerships," a legal structure that many wealthy families use to reduce...
What Options Do I Have If I Owe the IRS and Can’t Pay?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Back Taxes or Tax Debt on Thursday, August 6, 2015. If you owe the IRS for taxes and are unable to pay you might have options. If this is a relatively small matter, the IRS provides the opportunity...
Process for an IRS Garnishment
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS Collections on Wednesday, August 5, 2015. If you owe the IRS for back taxes, one strategy they will employ is to garnish your wages. What is the process for an IRS garnishment? Once you have entered the...
Tax lien applied to former NFLer Kordell ‘Slash’ Stewart
On behalf of Janathan L. Allen, APC posted in Back Taxes or Tax Debt on Friday, August 8, 2014. Many San Diego residents are fans of the Chargers, our city's NFL team. These fans will remember the electric performances of Kordell Stewart in the mid-to-late 1990s, a quarterback for the...
New law would forgive back taxes of elderly
On behalf of Janathan L. Allen, APC posted in Back Taxes or Tax Debt on Monday, August 18, 2014. The proposed law that we are about to talk about won't apply here in California -- but the idea it proposes is an interesting one. Pennsylvania lawmakers will consider a rule...