By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FATCA on Friday, May 29, 2015. The Foreign Accounts Tax Compliance Act or FATCA continues to have far reaching implications for US Expatriates, even affecting laws outside of the United States. Saudi Arabia recently announced and will soon...
The IRS “Speed Up” Audit Tactics Can Harm US Taxpayers
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Audits on Wednesday, May 27, 2015. Recent budget cuts and substantial new congressional regulations have resulted in a new tactic by the IRS: the "Speed Up" audit. The IRS has limited resources and is pushing them to complete...
What FATCA is and why its scope is unprecedented
On behalf of Janathan L. Allen, APC posted in Tax Controversy on Tuesday, May 26, 2015. The Foreign Account Tax Compliance Act, or FATCA, is a tax rule that was enacted by the United States in 2010. What the rule does is compel other countries to disclose financial information of...
How is FATCA Affecting Worldwide Banking and Tax Change?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Audits on Monday, May 25, 2015. The US Foreign Account Tax Compliance Act, or FATCA, has wrought significant and I believe historical change in the transparency of international banking and resulting US taxation. With the capitulation of Union...
Manufacturer and Retailer Compliance with California’s Supply Chain Act
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Business Advice and Counsel on Wednesday, May 20, 2015. The California Department of Justice is conducting a compliance review, sending letters to and asking any business that lists "manufacturing" or "retail sales" as their principal activity on California...
Did Costco Overcharge us for California Sales Tax?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Audits on Tuesday, May 19, 2015. A recently proposed class action accuses Costco and California's sales tax authority alleging "the warehouse club collected too much sales tax for the authority from products that were listed as subject to manufacturer...
California Franchise Tax Board Figures Show Continued Economic Growth
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Business Advice and Counsel on Monday, May 18, 2015. Tax revenues for 2014 surged past the previous year's levels, and well ahead of all forecasts for the State of California. The Franchise Tax Board (FTB) reports revenues of...
Recent Huge Tips in the News Also Mean IRS Attention
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in California Tax on Friday, May 15, 2015. We are often encouraged and inspired when we see news stories about people who leave huge tips for waitresses and waiters. Some are paying back - honoring the sacrifice they themselves...
If you are having tax problems, contact an attorney immediately
On behalf of Janathan L. Allen, APC posted in Tax Controversy on Friday, May 15, 2015. It goes without saying that tax law is a complicated area of law that can leave an individual's head spinning (not literally -- that would be bad). But even though this is an obvious...