By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Thursday, May 14, 2015. When the IRS seized over $100,000 from a North Carolina small business owner, it underestimated the backlash on the civil asset forfeiture procedure. The IRS suspected the small business owner of illicit...
Is the IRS allowed to seize your home or business for tax debt?
On behalf of Janathan L. Allen, APC posted in IRS on Friday, May 8, 2015. Let's say that you own a home or run your own business. You obviously have some big responsibilities in either case (or both cases). But, unfortunately, you are delinquent on your taxes. As a result...
Why US and California Taxpayers Need Help with the IRS Now More than Ever
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Audits on Tuesday, April 28, 2015. "It looks to me like you're purposely harming taxpayers," Rep. Kristi Noem of South Dakota told IRS Commissioner John Koskinen at a recent hearing. Mr. Koskinen was reporting that over 8 million...
IRS Paid Businesses $3 Billion Too Much in Tax Credit Mistakes
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Audits on Monday, April 27, 2015. Last week the Treasury Inspector General, an internal IRS watchdog, released a report that detailed extravagent mistakes by the IRS that has cost the US treasury billions. Most of the errors were...
Why Do So Many FBAR Taxpayers Want to Rely on Hope?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FBAR on Thursday, April 23, 2015. There is a concerning trend we're seeing with FBAR taxpayers who are placing too much hope on the streamlined domestic offshore procedures option within OVDP. The core issue is what the IRS...
Why Did the US Invest All the Time and Money to Enact and Defend FATCA?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FBAR on Wednesday, April 22, 2015. Why did the US legislature pass FATCA? Why did the US Justice Department spend years and millions of taxpayer dollars pursuing foreign banks and investment houses in international courts? Why did a...
Woman Contacted by IRS Regarding False Identity Return Not Alone
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Monday, April 20, 2015. The IRS has been contacting some taxpayers, including one woman in Lawrence Kansas, requesting additional identification due to a substantial increase in identity theft and fraud relating to using a false identity to...
IRS Targeting “Microcaptives” as Potential Tax Schemes
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Audits on Friday, April 17, 2015. The IRS has targeted and is agressively auditing "Microcaptives" as one of the more common schemes to avoid paying taxes. Larger corporations have created their own "captive" insurance companies for years. This...
Calling all expats: do you have your income taxes in order?
On behalf of Janathan L. Allen, APC posted in IRS on Tuesday, April 14, 2015. There are many reasons why citizens of the United States may leave the beautiful shores of San Diego to live in another country either temporarily or permanently. Employers may have asked them to transfer to...