Allen Barron provides tax preparation services for Rancho Bernardo and Poway and throughout the San Diego area. Allen Barron has decades of experience in business and personal tax return preparation and filing. If you own a business, have offshore bank or financial accounts or investments or are a high wage earner you are a target for California and IRS audits. We provide the expertise and counsel to minimize your tax consequences while reducing or eliminating your audit risk.
Why Shouldn’t We Just Use Turbo Tax or Some Other Tax Preparation Software?
While Turbo Tax and other software packages may be fine for simple returns, these packages have failed to help identify key issues and tax complications in recent years. IRS FBAR reporting requirements are a perfect example. Packaged software is not designed to ensure that you are asked about all offshore bank and investment accounts, foreign investments, offshore mutual funds, foreign corporate ownership and other FBAR preparation and filing issues. We are representing taxpayers in audits who attempted to file their taxes through this form of software, only to find the package never asked them questions regarding complex tax matters.
Recently, world banks and sovereign tax authorities have begun providing account and balance information as well as transactional details directly to the IRS. The IRS simply compares this information with your past returns and flags missing accounts or under-reported balances and income. Turbo Tax and other tax software packages have not kept up with these complications, nor are they designed to handle such complex offshore taxation issues such as PFIC calculations.
Business ownership interests provide another layer of complication. The IRS and California tax authorities are interested in one thing: increasing tax revenue from business owners and high wage earners. If you earn more than $150,000 a year, own a business or have offshore accounts, assets or income you need the seasoned guidance of Allen Barron. We will prepare and file your IRS, California and other tax returns. We have the supporting tax, accounting and legal services to protect your interests, provide sound counsel to help make your tax season an easier experience in 2017. We invite you to contact us regarding Allen Barron’s tax preparation services for Rancho Bernardo and Poway or call for a free consultation at 866-631-3470. Ask about the protections of the attorney-client privilege and the integrated economies of scale associated with a single vendor for tax preparation, accounting and legal services.
