Have you thought of preparing an appeal during an IRS audit? One of the most important elements of representing you in an IRS audit is the work we do to prepare for an appeal during the course of the audit itself. The first issue to understand is the importance of...
The Broad Powers of IRS Revenue Officers in an IRS Audit
The broad powers of IRS revenue officers in an IRS audit should be a concern for all US taxpayers. Many business professionals and individuals believe IRS agents must be experts in both accounting and tax law. In many cases, they are not expert in either discipline. This may sound shocking,...
What Should a Business Do After an IRS Audit
What should a business do after an IRS audit is completed? The real world answer: prepare for other knocks on the door from the EDD and FTB. The agencies cooperate with one another, and immediately after one finishes an audit, you are required to provide the other with the results...
They May be Fewer in Number but IRS Audits Are Increasingly Aggressive
They may be fewer in number but IRS audits are increasingly aggressive seeking a much bigger check from US taxpayers. The recent request by the IRS for additional funding may not present an immediate threat of increased audits, but this doesn't mean US taxpayers should relax or attempt to take...
IRS Office Audit or Field Audit Require an Experienced Tax Attorney
The two hardest forms of an IRS audit are an IRS Office Audit or Field Audit. Both of these audits are extremely serious and you should be represented by an experienced and seasoned IRS audit and tax attorney like Janathan Allen. If you have received notification of an IRS audit...
S Corporation Owners Should Understand IRS Strategies for Compensation Audits
One of the primary targets for IRS audits is S Corporation compensation. S Corporation owners should understand IRS strategies for compensation audits and work with Allen Barron to reduce these risks while minimizing tax and maximizing income opportunities. One of the most contentious issues is "reasonable compensation." The IRS guidelines...
Cryptocurrency Can Lead to an Increased IRS Audit Risk
Did you know cryptocurrency can lead to an increased IRS audit risk? The IRS has taken a hard look at cryptocurrencies such as Bitcoin and now demands to know about any transactions you've conducted. The failure to report cryptocurrency holdings and transactions substantially increases your risk of an IRS audit....
Defending San Diegans in an IRS Audit
Are you looking for skilled tax attorneys with extensive experience defending San Diegans in an IRS audit or tax dispute? Allen Barren has decades of experience in legal and tax matters here in San Diego and throughout the greater Southwest US. We represent individuals and business owners who have been...
Significant Changes to IRS Audit Procedures for Partnerships and LLCs
Significant changes to IRS audit procedures for partnerships and LLCs will go into effect January 1, 2018. The changes will apply to all partnerships and LLCs who elect to be taxed as partnerships. The change is represents a substantial change in methodology when amounts are owed to the IRS and...