By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Tax on Friday, January 30, 2015. How will the Affordable Healthcare Act affect Americans as they file tax returns this year? The answer to the question lies in whether you have healthcare insurance through work or a government...
Are San Diego Residents Being Targeted by Fake IRS Agent Phone Scams?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Thursday, January 29, 2015. The IRS has released a recent warning regarding a surge in aggressive phone calls from "fake" IRS agents. Callers are threatened with imprisonment, deportation, and license suspension (among other things) if they...
When should tax information arrive at your home?
On behalf of Janathan L. Allen, APC posted in IRS on Tuesday, January 27, 2015. Tax forms and information are probably piling up at your home right now, which isn't necessarily a bad thing. It's that time of year, and people need to get ready for what will be a...
IRS Warns Your Signature on Your Return Is Under Penalty of Perjury
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Monday, January 26, 2015. The IRS has already announced this year that it will be less responsive to questions from US taxpayers, and that refunds (especially on manual returns) will be delayed. Blaming recent budget cuts,...
IRS Will Audit 1 Million Americans in 2014
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Tax on Friday, January 23, 2015. IRS Commissioner John Koskinen recently noted that the IRS would conduct 1 Million audits in 2014, slightly down from 2013 but still a substantial number. The IRS will not tolerate cheaters, and...
Even with potential IRS issues looming, get your tax filing ready
On behalf of Janathan L. Allen, APC posted in Delinquency on Thursday, January 22, 2015. Last week, we wrote a post about how the Internal Revenue Service is predicted to have a very tough time this year with tax returns. More specifically, that post talked about predictions that say the...
The Structure of the Sale of a San Diego Business Will Make a Big Impact on The Net Profit Generated by the Transaction
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Mergers & Acquisitions on Thursday, January 22, 2015. Selling a business can be quite complex, and the structure of the agreement and choices made by the parties will have a substantial impact on associated taxation, and the actual...
The Choice Between an LLC or a Corporation in San Diego Starts with The End of Your Business
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Business Formation on Wednesday, January 21, 2015. The decision on which entity to select for your new San Diego business, LLC, C Corporation or S Corporation often begins with how your new company will end. This may seem...
Consumer Reports Warns Home Based Businesses of IRS Audit Risks
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Tuesday, January 20, 2015. In a recent article by "Consumer Reports" there were a few recommendations for home based businesses to reduce IRS audit risk that I absolutely agreed with based upon recent IRS behaviors with...