There has been a substantial development in the past week affecting international business as Amazon savors a huge win against the IRS on transfer pricing related tax disputes. The findings of a US Tax Court were stark: "The IRS acted in an arbitrary, capricious, and unreasonable manner when it applied...
More Trouble for the California Board of Equalization
There is more trouble for the California Board of Equalization or BOE on the immediate horizon. The California state agency is responsible for the collection of one-third of all California taxes including sales and use taxes, while carrying responsibility for many property tax issues as well as over 30 other...
IRS Audit Triggers to Avoid in 2016 Tax Returns
What Are the IRS audit triggers to avoid in 2016 tax returns and what can Allen Barron do to help those who are preparing and filing their tax returns in Rancho Bernardo, Poway and Rancho Santa Fe? There are several factors that have come out of recent statistical analysis regarding...
Medtronic Beats IRS in Complex Tax Matter Involving Transfer Pricing
Medtronic PLC, a medical device manufacturer who used to have operations in Puerto Rico, has defeated the IRS in US Tax Court, resolving a $1.4 billion dispute. The key issue in the case centered on transfer pricing - transactions between different divisions or companies owned by the same corporation or...
Combining Labor, Installation and Construction Can Generate Complicated Tax Issues for San Diego Businesses
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in California Tax on Tuesday, November 25, 2014. I find that most questions of sales tax seem to be pretty straight forward for most experienced San Diego business clients. But if your business model involves a strategy that combines...
Retired California Deputy Sheriff Fined More $155k For Failing To Report Income
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in California Tax on Sunday, November 2, 2014. Laura Means, a retired California deputy sheriff, recently received a 15-year prison sentence, as well as significant monetary fines, after being convicted on various criminal counts, including grand theft, money laundering,...
If You Have Been Audited by California’s FTB You Can Plan on Subsequent Audits for 3 Additional Years
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in California Tax on Sunday, November 30, 2014. If the FTB has elected to audit your tax returns you should be exceptionally wary, and employ the experienced tax attorneys at Allen Barron to protect your interests and minimize potential...
Employers Must Withhold Payroll Taxes on Employment Related Judgments
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in California Tax on Friday, October 16, 2015. The California Court of Appeal recently provided clarification and confirmation of a corporation's responsibility to withhold payroll taxes on employment related settlements or judgments. When an employee reaches a settlement or...
Governor Brown Signs Legislation Conforming State and Federal Tax Statutes
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in California Tax on Thursday, October 15, 2015. Governor Jerry Brown has signed AB 154, which brings sections of California's tax code into conformity with federal IRS statutes. The bill brings the standard of conformity forward from January 1,...