What are the statute of limitations on an IRS audit and a California tax audit? There is a time limit, known as the "statute of limitations", when the IRS and/or California must complete an audit of your tax returns. It is important to understand the concept of the statute of...
California and IRS Extended Income Tax Deadlines are Rapidly Approaching
The California and IRS extended income tax deadlines are rapidly approaching as we near the deadline in mid-October. In the first few months of 2023 California and the IRS extended income tax deadlines and associated payments until October 16, 2023. This extension applied to all businesses and individual taxpayers (married...
An International Tax Primer for US Taxpayers and Expatriates – Part 1 of 2
Welcome to part 1 of our Allen Barron International Tax Primer for US Taxpayers and Expatriates. The United States is one of the few countries in the world that taxes its citizens on their worldwide income. US taxpayers are required to report all sources of income, worldwide, not just income...
Extended Income Tax Deadlines for California and the IRS
Extended Income Tax Deadlines for California and the IRS Are you searching for information regarding extended income tax deadlines for California and the IRS in 2023? California has joined the IRS in extending the deadline for filing 2022 income tax returns and associated payments until October 16, 2023. The extension...
Is It Time for an Estimated Payment or to File a Personal or Corporate Tax Return?
Is it time for an estimated payment or to file a personal or corporate tax return to the IRS or the FTB? For those on a calendar tax year there is a final estimated tax payment due to the IRS for federal taxes and the California Franchise Tax Board (FTB)...
Extension on Federal and State Taxes – Should I Consider it?
What are some of the benefits of planning on filing an extension on federal and state taxes. Is this a strategy you should consider? Remember in years' past when you got your W-2s, K1s, international banking and asset disclosures, foreign income data and other important tax documents in January, and...
ABCast Episode 9 – International Tax Planning
Our Firm's podcast ABCast is pleased to release Episode 9 - International Tax Planning which as an overview of many legal and tax issues associated with international business, investments, financial accounts and assets. International tax planning is essential to protect your assets while minimizing the impact of taxation. The reporting...
ABCast Episode 6 – Tax Services
We invite you to listen to ABCast Episode 6 - Tax Services as Jan and Neil discuss the domestic and international tax services provided by Allen Barron. In ABCast Episode 6 - Tax Services the conversation focuses upon the wide variety of tax related services provided by Allen Barron, Inc....
Reduce Capital Gains When Selling a San Diego Business
There are several strategies to reduce capital gains when selling a business in San Diego or anywhere in California. This will require important steps to be taken prior to the completion of the transaction, as well as implications based upon the application of the proceeds. The structure of the transaction...