Is it easy to get the IRS to agree to an offer in compromise? The IRS is not in the business of settling tax debt for pennies on the dollar. In fact, the idea promoted on the TV and radio that it is easy to complete an IRS offer in...
What Constitutes Willful Conduct From the Perspective of the IRS
What is it that constitutes willful conduct from the perspective of the IRS as it relates to offshore financial activities and the FBAR? This question is at the heart of compliance for US taxpayers with offshore accounts and assets. The difference in that legal distinction represents an exponential difference in...
Should a Taxpayer Contact the IRS if They Receive an Audit Notification?
Should a taxpayer contact the IRS if they receive an audit notification? Quite simply - it isn't in your financial or legal interest to contact the IRS directly. Most citizens think that cooperating with the IRS is the best policy. They go out of their way to be courteous to...
How Can We Help Taxpayers to Receive IRS Penalty Abatement
How can Allen Barron help US, California and San Diego taxpayers to receive IRS penalty abatement? How can IRS penalty abatement substantially reduce what you owe to the IRS? There are several reasons why you should not have to pay the draconian penalties the IRS adds to many US taxpayer's...
Why Was Our Tax Return Selected for an IRS Audit?
We are often asked “Why was our tax return selected for an IRS audit?” If you have received a notification from the IRS of their intent to audit your tax return(s) your first step should be to gain an understanding of what to expect from an IRS audit. You should never...
Offshore Real Estate Ownership Carries IRS Reporting Requirements
Did you know offshore real estate ownership carries IRS reporting requirements? If you are a US taxpayer or US resident you need to be aware of the IRS reporting requirements associated with the ownership of foreign real estate. There are many ways you may hold title to the offshore real...
San Diego FBAR Lawyer Helps Foreign Nationals Comply with the IRS
Janathan Allen, our San Diego FBAR lawyer helps foreign nationals comply with the IRS and fulfill offshore financial disclosures. The penalties for US taxpayers including resident foreign nationals are quite high. Ignorance of the law is no excuse before the IRS, so the international tax attorneys at Janathan L. Allen,...
Attorney-Client Privilege is the Best Protection You Have When Dealing with the IRS
Whenever you are dealing with the IRS the Attorney-Client Privilege is the best protection a US taxpayer can employ. The Attorney-Client Privilege protects all information shared in confidence between a taxpayer and their attorney. This extends to all paperwork, notes, personal papers, cell phone calls, emails and even texts. The...
FBAR Requirements if You Are Listed on an Offshore Account
What are your FBAR requirements if you are listed on an offshore account or investment? The penalties associated with non-compliance with the reporting of offshore accounts, assets and income to the IRS continue to escalate. Many US taxpayers including resident foreign nationals are not aware there are FBAR requirements if...