By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FATCA on Tuesday, January 13, 2015. The recent developments for US taxpayers with foreign accounts and assets and the implications of FBAR compliance significantly increases the importance of seeking the insight and protections provided by an experienced tax attorney. Our office...
Protection from the Aggressive Collection Tactics of the IRS and California Tax Agencies
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in California Tax on Wednesday, January 7, 2015. If you are in the process of IRS collections, or negotiations with California tax agencies regarding past due tax obligations you need the protection and guidance of Allen Barron's experienced tax...
What Happens to Foreign Assets and Accounts During a San Diego Divorce?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FBAR on Sunday, January 4, 2015. If you are a party to a San Diego or California divorce, and the community property includes foreign bank or investment accounts, assets or real property you should contact us immediately at...
The New Year Brings Thoughts of Tax Returns for Many San Diego Businesses
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Friday, January 2, 2015. It's 2015, and the start of a new year often signals the beginning of tax return preparation for many San Diego businesses and professionals. 2014 brought substantial changes to the tax codes,...
It’s Not Just the Swiss, the IRS Has Information From Around the World
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FBAR on Friday, June 20, 2014. A lot of ink and press coverage has been given to recent developments between the US Department of Justice and Swiss financial institutions. There are many foreign nations who host financial or...
OVDP Can Be Closed at Any Time After July 1 of This Year
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FATCA on Wednesday, June 4, 2014. I am very concerned about the future of the Offshore Voluntary Disclosure Program or OVDP. This program provides an option for US citizens, US expatriates and foreign nationals living and working in...
Swiss Banks Urging California Citizens to Apply for OVDP – Not So Fast!
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FATCA on Monday, June 16, 2014. Recently, Swiss banking institutions have been sending letters to US citizens and Californians who have deposits or assets in Swiss bank accounts, urging them to immediately apply for the IRS' OVDP program....
The Time is NOW to Come Into Compliance with IRS FBAR and Foreign Asset Reporting
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FBAR on Thursday, June 26, 2014. There is a substantial financial incentive for resident US taxpayers and US expatriates to come into compliance with IRS streamlined guidelines and US laws relating to the reporting of foreign bank accounts...
You Cannot Hide Assets Offshore From the IRS Any Longer
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FBAR on Saturday, June 28, 2014. The IRS has obtained foreign bank account and investment information that will tie specific foreign assets to unique US social security numbers. Many US taxpayers have attempted to shield assets and income...