Selling a business in San Diego requires a diverse cross-section of professional services including business expertise, tax advice, financial planning and legal expertise. Allen Barron provides this broad scope of services in a single-source vendor. What is the value of a single-source professional partner when selling your business? The complexity...
Are Foreign Nationals US Residents for IRS Tax Purposes?
Many foreign nationals come to the US each year, often under an H1-B visa, in order to live and work. It is important for you to understand US tax laws as a resident of the United States - even if you have not yet received a green card or other permanent...
Important Tax Information for Foreign Nationals in US
Are you a foreign national living or working in the United States? Allen Barron has important tax information for foreign nationals in US territories or who live and work in any of the 50 states: You are required to report all foreign bank accounts, investments and assets to the IRS...
Mergers and Acquisitions In Order to Shift Corporate Taxation Offshore
There are a lot of questions around the practices made popular by Apple, Google and Microsoft regarding offshore entities and mergers and acquisitions in order to shift corporate taxation offshore to lower taxation jurisdictions. How can offshore strategies benefit small to mid-sized San Diego businesses who wish to reduce taxation...
Treasury Department and IRS Propose Changes to Offshore Business Taxes and Inversion
The US Treasury Department and the IRS to propose changes to offshore business taxes and a practice known as "Inversion." A hearing yesterday brought stiff resistance from representatives in the business community and others seeking to preserve offshore tax advantages. "Inversion" is one of the specific strategies addressed in the...
Did Facebook Undervalue Transfer Pricing of Assets in 2010 Ireland Transfer?
The IRS has decided to sue Facebook. The central issue is the IRS belief that Ernst & Young, Facebook's accounting firm, purposefully understated value in the transfer pricing of assets transferred to Facebook's Irish corporate entity. Transfer pricing may be the central legal and accounting issue that determines millions if...
What to do if You Receive an IRS Audit Notice in San Diego
What should you do if you receive an IRS audit notice in San Diego and how can you best protect your interests? The first step is to download our free white paper "What to Expect from an IRS Audit." This helpful guide takes you through the process of an IRS...
International or Foreign Trusts May Cause More Problems Than They Solve
We have seen several recent examples of people who were convinced to set up international or foreign trusts in order to "shield income and assets" from needless taxation. No, these aren't foreign citizens with foreign interests, they are US taxpayers who have been convinced to open a foreign trust which...
Prince’s Lack of a Will Highlights the Value of a Trust
The death of the artist Prince was a shock to many of us. What surprised me as a trust, estate and tax attorney is his complete abdication of planning his estate, especially when you consider the energy and effort he expended to protect his music and the rights to it....