On behalf of Janathan L. Allen, APC posted in IRS on Thursday, January 2, 2014. One of the most frustrating aspects of tax season is that rules change, forms are altered and intricate details obtain new wrinkles that make it very difficult for the tax filer to get a grasp...
A special FATCA concern for some relating to foreign trusts
On behalf of Janathan L. Allen, APC posted in IRS on Monday, November 23, 2015. From China to Chile and from Ireland to Indonesia, Americans abroad have suffered great angst -- make that outright fear -- and frustration over the past several years from the muscle flexing of the Internal...
Effective Employment Contracts and Questions of Independent Contractor Relationships
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Business & Contracts on Friday, November 20, 2015. Effective employment contracts are one of the anchors of a successful and profitable business here in San Diego. What are a few effective strategies to include in an employment agreement,...
IRS Revenue Officers Receive Training Regarding Bitcoin
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Tuesday, November 17, 2015. IRS revenue officers have recently completed training provided by the US Financial Crimes Enforcement Network (FinCEN) regarding Bitcoin - the online monetary system. The agency has jurisdiction over Bitcoin, and is working...
IRS Audit Strategy Tightens Due to Budget Cuts
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Audits on Monday, November 9, 2015. The IRS has been forced to tighten it's audit strategy due to recent budget cuts, and IRS Commissioner John Koskinen clearly attaches the reduced number of audits to a 10% cut in...
AICPA Wins Appeal That Will Positively Affect Many US Taxpayers
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Tax on Tuesday, November 3, 2015. The American Institute of Certified Public Accountants - AICPA - has received an appellate court victory that will positively affect many US taxpayers. The issue: the knowledge and ability of a tax...
Your Offshore Bank and the IRS are Both Warning You – Come Into Compliance Immediately
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FBAR on Friday, October 30, 2015. US taxpayers have received stern warnings from the IRS recently regarding FBAR compliance and disclosure of all offshore bank accounts, income, investments, assets and real property. Recently, many foreign banks are sending...
WSJ Notes IRS Has Begun to Transmit Your Data to Foreign Countries
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FBAR on Wednesday, October 28, 2015. The Wall Street Journal recently noted information sharing between the IRS and foreign countries has begun, and the IRS is receiving information from hundreds of financial institutions and sovereign nations around the...
Dealing with tax issues? Get an attorney
On behalf of Janathan L. Allen, APC posted in IRS on Tuesday, October 27, 2015. Last week, we wrote a post about the rights people have when they are dealing with the Internal Revenue Service. These are important rights that everyone needs to know before they begin interacting with the...