We are constantly asked for additional information on pass through business income deductions in the new tax reform package. While new tax laws have yet to be formally published, there has been a significant change for those who file as a partner, member or sole proprietor which receives income from...
Allen Barron Works to Resolve San Diego Business Disputes
Allen Barron works to resolve San Diego business disputes in an efficient and timely way. If you are in business it is only a matter of time before you will become involved in a business dispute or lawsuit. Lawsuits and disputes distract you from focusing upon the profitable management of...
Allen Barron Announces New Commercial and Business Litigation Services
Allen Barron announces new commercial and business litigation services to complement our integrated legal services, tax, accounting and business advisory teams. Allen Barron provides an integrated team of professionals who can solve any problem, provide detailed expert analysis for any opportunity or question and genuinely guide your business from formation through...
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...
Does Your Domestic Entity Have Foreign Assets
Does your domestic entity have foreign assets which must be reported on the IRS Form 8938? The Foreign Account Tax Compliance Act or FATCA requires many US corporations, LLCs, trusts and partnerships which hold foreign investments or financial assets to disclose them on the form 8938. If a US trust...
States ask the IRS to Clarify New Partnership Audit Rules
The "Multistate Tax Commission" adds their voice to the discussion as states ask the IRS to clarify new partnership audit rules and how assessments and adjustments at the entity level will affect how income will be impacted at the state level. The Commission wrote a letter to the IRS requesting...
New Partnership IRS Audit Rules Will Change the Game
Is your LLC or partnership ready? The new partnership IRS audit rules will change the game for many LLCs and partnerships. LLCs and partnerships will be forced to handle IRS audits differently in the future, and Allen Barron is prepared to help you to weather the coming storm. The new...