International Tax Planning International Assets Create Different Tax Questions for US Taxpayers Many successful business owners and investors assume that tax planning becomes more complicated only because they own assets or conduct business outside the United States. While international investments and business interests certainly introduce additional complexity, the greater challenge...
The Need for an Experienced California EDD Audit Attorney
If your business has received notice of an audit from the California Employment Development Department (EDD), what you do next can have a substantial impact on the outcome. An EDD audit may involve payroll taxes, worker classification, 1099 independent contractors, withholding, and other employment tax issues that can expose your...
IRS Audits Are Fewer in Number but Increasingly Aggressive
The agency itself recently stated IRS audits are fewer in number but increasingly aggressive based upon the "decrease in resources available for examinations." AI has become the agency's primary tool to identify tax return anomalies, errors, and omissions, and target appropriate taxpayers for closer examination and/or audit. Key Takeaways From...
The Most Important Recent Changes in U.S. GAAP Accounting Standards:
What are some of the most important recent changes in U.S. GAAP Accounting Standards? Why is it important for public and private companies and corporations that do business in the United States to understand and apply all U.S. GAAP (Generally Accepted Accounting Principles) Accounting Standards? How can Janathan L. Allen,...
Proven California Sales and Use Tax Audit Representation
Are you searching for proven California sales and use tax audit representation? Have you received notification of a California sales and use tax audit by the California Department of Tax and Fee Administration (CDTFA)? Key Takeaways for Those Looking for Proven California Sales and Use Tax Audit Representation: California sales...
Why the IRS Requests Information During an Audit — and Why the “Why” Matters More Than the Request Itself
It is important for U.S. taxpayers to understand why the IRS requests information during an audit. If you have been contacted by the IRS or any state tax agency for additional information or an audit the "why" matters more than the request itself. Key Takeaways about Why the IRS Requests...
The IRS will Discover Your Offshore Financial and Digital Activities
As long as there have been taxes levied in the world, there have been those who try to work the system or evade taxes altogether. Unfortunately for many, the world has become a much smaller place for those who wish to underreport income or shelter their income and assets. The...
Are You Prepared for a California EDD Employer Audit?
Are you prepared for a California EDD employer audit? Did you know the California Employment Development Department (EDD) regularly audits most California employers to monitor compliance with worker classification, wage reporting, and California payroll tax? If you are a California employer, you should always be prepared for and expect a...
Is the Burden of Proof on the IRS During an Audit?
Is the burden of proof on the IRS during an Audit? It might shock you to learn that the burden of proof in an IRS audit, and in most dealings with the IRS, lies with the U.S. taxpayer, not the IRS. Key Takeaways on Is the Burden of Proof on...