By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FBAR on Saturday, July 5, 2014. The IRS has gained access to the vast majority of offshore account and property information. This data ties those accounts and assets to specific US social security numbers and Federal Taxpayer IDs,...
Today, August 4, is the Final Day for Submission of an IRS Streamlined Domestic Offshore Procedure Application
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Monday, August 4, 2014. Higher penalties await those who have not successfully filed under the OVDP or the IRS Streamlined Domestic Offshore Procedures. Today, August 4, the IRS will move forward with plans to pursue higher...
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...
Parts of the Product You Are Selling May Be Affecting Your Tax Burden to California or the IRS
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Sunday, November 23, 2014. If you are a San Diego business it is important to understand the nature of every item or ingredient you purchase in order to assemble the products you sell, and the ramifications...
IRS Conditioned Installment Agreement Upon Filing of Notice of Lien (Part 2)
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Tuesday, February 3, 2015. So, what happened at the IRS Collection Due Process (CDP) Hearing? The hearing resulted in the sculptor agreeing to the terms of an installment agreement for full payment of his assessed liability....
IRS Audit Enforcement 20% Lower than 2010 According to USA Today
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Friday, March 20, 2015. The USA Today released an article yesterday citing the "Center on Budget and Policy Priorities" which stated the IRS has 20% less resources for enforcement today than in 2010. So is it...
IRS Adds More Swiss Banks to Automatic 50% OVDP Penalty List
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FATCA on Tuesday, June 9, 2015. The IRS has added severl new Swiss banks to the list of institutions that carry a mandatory 50% penalty instead of the 27.5% penalty provided in most OVDP filings. It doesn't matter...
IRS Commissioner Warns of Poor Customer Service and Slower Refunds in 2015
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Monday, January 19, 2015. IRS Commissioner John Koskinen sent an internal email warning of poor and "unacceptable" customer service, as well as longer refund timeframes this year. The agency is blaming the poor performance on budget...
IRS may be overwhelmed this tax season
On behalf of Janathan L. Allen, APC posted in IRS on Wednesday, January 14, 2015. In a very interesting report published by the Federal Advocate for Taxpayers, there are some serious accusations that the Internal Revenue Service may not be able to respond adequately -- or at all -- to...