By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Entity Choice and Creation on Thursday, September 4, 2014. When you transact business with an out-of-state company, a dispute may arise that requires filing a lawsuit against the out-of-state company and the individuals involved in the business. If...
What is an “Asset Purchase” and When is This an Effective Acquisition Option?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Mergers & Acquisitions on Monday, September 15, 2014. An "Asset Purchase" is a tool that allows a buyer to know exactly which assets and liabilities are being acquired from the seller. This is much different from a "stock...
What If You Didn’t File Required IRS FBARs?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FATCA on Tuesday, September 9, 2014. What should you do if you have foreign investments or accounts and you have not filed the Foreign Bank Account Report or "FBAR" with the IRS? This is can be a complex...
What is an IRS Revenue Officer Interview?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Wednesday, September 10, 2014. If you have received notice of an "IRS Revenue Officer Interview" take heed - you are heading into a period of great potential risk, and you should be represented by a seasoned...
How does the Latest FTB Notice Affect You?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Tax Services on Wednesday, September 17, 2014. On 2 September 2014, the California's Franchise Tax Board issued a notice to California residents that a new state law permits taxpayers to immediately exclude from their income the amount of...
What Should I Do If I Receive an Audit Letter From the IRS?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Audits on Wednesday, September 3, 2014. What should you do if you are notified of an IRS audit? Your first instinct - deep concern - is well founded. The IRS is about to inquire into your personal or...
Can the IRS Take All the Money in My Bank Account for Back Taxes?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Wednesday, September 24, 2014. Yes, the IRS has significant powers to seize assets such as bank accounts, retirement accounts, or any real or personal assets you own or have an interest in. It is important to...
Why Does Every Homeowner in San Diego Need a Trust?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Estates on Thursday, September 25, 2014. If you own a home in San Diego you need to give serious consideration to a trust, regardless of the equity in your house. The reason is simple: without a trust your...
Debt and tax liens involved in Chris Tucker-IRS case
On behalf of Janathan L. Allen, APC posted in IRS on Friday, September 12, 2014. As many people know, the actor and comedian Chris Tucker has had a bit of a tough time with the Internal Revenue Service over the years. It appears that over seven years, Chris Tucker ran...