We are often asked "Is a PFIC still a good investment strategy based upon IRS taxation and recent offshore developments?" The answer is simple: the income it generates must be substantial enough to pay a heavy tax which the IRS levies on PFICs. The Passive Foreign Investment Company or PFIC...
Business Services for San Diego High-Tech Companies
Allen Barron provides integrated legal, tax, accounting and business services for San Diego high-tech companies. High-tech companies have many special considerations that more traditional companies do not necessarily face, including their need for specialized accounting help and a wide range of consulting services that have only recently become available. The...
What Do You Need to Know About the Attorney Client Privilege
What do you need to know about the attorney client privilege and how can this provide important protections to individuals and business professionals? The Attorney-Client Privilege is an evidentiary rule that protects both attorneys and their clients from being compelled to disclose confidential communications between them made for the purpose...
What Will Happen to Your Business if You Aren’t There to Run It?
What will happen to your business if you aren’t there to run it? What happens if you are seriously injured in an accident, incapacitated, suffer a serious illness or lose your life? It is so much more exciting to think about new growth opportunities for your business, or ways you...
Accounting Services for Your Unique Business
Any successful business strategy should include tailored integrated accounting services for your unique business. Whether your business is just starting out, restructuring or trying to get its financial house in better order, it is hugely beneficial to consider and implement Allen Barron’s professional accounting services. Our professional San Diego-based accountants...
How Long Do You Need to Keep Tax Files
We are often asked “How long do you need to keep tax files as a business?” With most businesses, files pile up fast and storage may run low. As an experienced San Diego business and tax attorney we’ve developed a guide to legal files that you should hold onto, as...
IRS Tax Lawyers in San Diego
The attorneys at Allen Barron provide the experience and expertise to handle the needs and concerns of those who are seeking IRS tax lawyers in San Diego. We provide a comprehensive suite of services for those who are faced with IRS actions such as: IRS Audit IRS Collection Action IRS Garnishment or...
When is an Irrevocable Trust a Sound Estate Planning Strategy?
When is an irrevocable trust a sound estate planning strategy in San Diego and Southern California? Estate taxes may be at an all-time relative low, but estate planning is still an important ingredient for all Californians - especially if you own a home. Trust planning allows your assets to pass...
Does the IRS Have the Burden of Proof in an IRS Audit?
Does the IRS have the burden of proof in an IRS Audit? It might shock you to learn the burden of proof in an IRS audit, and in most dealings with the IRS lies on the US taxpayer, not on the IRS. This is quite backwards from an American perspective...