There has been a major change in California independent contractor misclassification law as the result of a recent decision by the California Supreme Court. The ramifications of the decision in this case will be challenging for many San Diego business owners and employers to accept and implement. The new laws...
California Homeowners are in Washington’s Tax Overhaul Crosshairs
California homeowners are in Washington's tax overhaul crosshairs if the proposed tax bill became law today. The proposed tax reform would eliminate mortgage deductions for loans above $500,000 according to the Wall Street Journal which could have a substantial impact on California real estate markets. Here in San Diego 37%...
Tax Extension Due Dates for Corporate and Personal Returns Approaching
The tax extension due dates for corporate and personal returns is approaching quickly. Important deadlines for many corporate tax returns in September (originally due in March) and October (for personal filers originally due in April) will come to pass in the next 45 days. September 15 is not only the...
Amazon Faces a South Carolina Use Tax Battle With Huge Implications
Amazon faces a South Carolina use tax battle with huge implications for the multinational corporation and all firms and individuals who conduct business on the internet. The key question in the dispute is the collection of sales tax or "use tax" on sales made by third party merchants on Amazon's...
California Waters Edge Election Provides Needed Protections
The California waters edge election provides needed protections for national and international companies with business in the State of California. This important tax strategy is currently threatened by new legislation known as Senate Bill 567. The bill entitled the "Millionaire Tax Accountability Act" was recently proposed to close several "popular...
What is the California Waters Edge Election
What is the California Waters Edge election and how will the proposed changes affect business decisions going forward? Generally speaking California intends to tax any company conducting business in California on all of their company's revenues regardless of where "income" is generated or realized. Presently, the California Waters Edge election...
Owe the IRS more than $25,000? IRS Collection Efforts are Ramping Up
Do you owe the IRS more than $25,000? If so, it is time to contact Allen Barron and discuss a strategy to resolve your tax burdens as the IRS collection efforts are ramping up with external collection agencies and the threat of passport revocation. Allen Barron has successfully represented taxpayers...
Tax Preparation Services for Rancho Bernardo and Poway California
Allen Barron provides tax preparation services for Rancho Bernardo and Poway and throughout the San Diego area. Allen Barron has decades of experience in business and personal tax return preparation and filing. If you own a business, have offshore bank or financial accounts or investments or are a high wage...
California has the Second Highest Rate of IRS Audits
Recent audit figures released by the IRS show California has the second highest rate of IRS audits as a percentage of the population. Why does California rank so high on this list? The answer is as simple as the number of high income tax filers. Notorious bank robber Willie Sutton...