Is the target on short-term rental homes for new taxation? What about rental properties in general? When is income from a short-term rental presently taxable? Presently, homeowners can generally earn tax-free income if their home is a short-term rental for 14 days or less in a given tax year, based...
ABCast Episode 23 – What Can A Tax Attorney Do For You?
Episode 23 - What Can A Tax Attorney Do For You provides insight an answers into why you should have a tax attorney in your inner circle of advisors. Your tax attorney should provide resolution of tax issues, transactional planning including ...
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...
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...
Preparing an Appeal During an IRS Audit
Have you thought of preparing an appeal during an IRS audit? One of the most important elements of representing you in an IRS audit is the work we do to prepare for an appeal during the course of the audit itself. The first issue to understand is the importance of...
Tax Audits Liens and Levies
We are often asked about tax audits liens and levies. When you are delinquent on your taxes, there are a number of severe penalties with which you can be hit. The three types of penalties that you have probably heard about are tax audits, tax liens and levies. We've talked...
The Tax Danger of Personal Service Corporations
What is a Personal Service Corporation (PSC) and why is there a potential tax issue for PSCs? Many S Corporations and LLCs may be considered by the IRS to be a PSC. This could result in substantial additional business tax burdens. The IRS has again begun to examine corporations to...
Californians with Foreign Investments and Property Need a Tax Attorney Not Just a CPA
Californians with foreign investments and property need a tax attorney and not just a CPA. Californians represent the largest portion of US taxpayers with previously unreported Swiss financial accounts, offshore investments and corporate ownership. The complexities of taxation for foreign accounts and assets have significantly increased over the past several...
Experienced San Diego Tax Attorney for Domestic and International Companies
San Diego is uniquely positioned for a local, regional, national or multi-national business or corporation. Janathan Allen is an experienced San Diego tax attorney for domestic and international companies. With decades of experience, Ms. Allen advises LLCs, S Corporations, Professional Corporations and C Corporations and those with multiple corporate entities...