We are often asked “How was I identified for an IRS Audit in the first place?” There are a number of issues which could trigger an IRS audit. Generally speaking, the IRS develops targets for enforcement each year based upon consistent areas of under-reported income, underpaid tax or areas where...
IRS Battle with Bitcoin Heats Up
The IRS battle with Bitcoin heats up after an exchange between a bitcoin user and the agency in court documents recently. The IRS used a "John Doe" summons against Coinbase, Inc., a bitcoin exchange in order to identify specific US taxpayers with accounts at Coinbase. This is the same strategy...
San Diego OVDP Attorney Advises Foreign Nationals who Reside in US
At Allen Barron, we support many leading engineering, high-tech companies and other businesses who attract and employ foreign nationals based upon their unique education, expertise and skill sets. For many of these clients, it is a complete surprise that foreign nationals who are legally working in the US are still...