What is California's unitary method of taxation around the world, and how does it affect individuals with offshore investments, U.S. expatriates, and multistate and multinational corporations? Central Points about California's Unitary Method of Taxation: The State of California taxes its citizens on worldwide income, not just income earned here in...
Transfer Pricing is Key for International Business Taxation Strategies
Transfer pricing is key for international business taxation strategies. Transfer pricing is the cost paid for goods or services exchanged between affiliated corporations. Transfer pricing has increasingly become a target for the IRS and California state taxation agencies. Transfer pricing is also one of the primary ingredients for many international...
Are US Expats Facing a Tax Increase as a result of Tax Reform
While the details of the tax reform passed last year are still being unpacked, are US expats facing a tax increase as a result of tax reforms passed last year? The United States is one of the only countries in the world who taxes US taxpayers based upon global income, no...
Consider the Tax Ramifications of Your San Diego Divorce
While many people are obviously concerned about core issues such as child custody and parenting time and support payments, you should consider the tax ramifications of your San Diego divorce before signing a settlement agreement. Allen Barron's seasoned tax attorneys and accounting professionals work with your family law or divorce attorney...
Tax Implications of Your San Diego Divorce
What are the tax implications of your San Diego divorce and how can you maximize the value of every dollar that leaves your account? It is important to understand the net amount of money that will leave your accounts each year for child support, spousal support and other settlement agreements...
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...