If you earn more than $100,000 your chances of an IRS audit significantly increase as income rises. While it is true that budgetary cutbacks have impacted the number of audits conducted, the IRS must still generate the same volume of revenue for the US Treasury. The IRS' solution: target high...
Global Transfer Pricing Standards Released by OECD
The Organization for Economic Cooperation and Development or OECD is comprised of representatives of 34 member governments and market economies, and advises standards for members and more than 70 non-member countries to promote sustainable economic development, growth and prosperity. The OECD has released global transfer pricing standards designed to reduce...
The Impact of Estate Planning Upon Your Retirement and Passing
What is the impact of estate planning upon your retirement and passing as well as the children, heirs and beneficiaries who will accompany you along the way? Why do most Californians delay one of the most important aspects of home ownership and parenting? Let's begin with the first question. What...
San Diego Tax Preparation and Filing Services
Are you looking for San Diego tax preparation and filing services and a firm with the expertise to handle complex issues such as business ownership in an LLC or S Corporation, offshore investments and bank accounts, or international business interests? Allen Barron has decades of experience and service to the...
Department of Labor 6 Guidelines for Evaluating 1099 Workers
The US Department of Labor issued 6 guidelines for evaluating 1099 workers in an attempt to help clarify its increased focus on employee misclassification. How do you know if a 1099 independent contractor should actually be classified as an employee? The first challenge is the simple reality that most business...
You Sign Your Tax Return Under Penalty of Perjury
Many Americans have not noticed the paragraph above their signature line on the 1040 and other IRS tax forms that notifies the taxpayer that you sign your tax return under penalty of perjury and that you have examined the return and underlying schedules. Tax returns for many US taxpayers have...
Don’t Provide the IRS any more Information than Absolutely Necessary
If we could give one piece of advice to all US taxpayers it would be this: don't provide the IRS any more information than absolutely necessary to complete your tax return and any associated forms or worksheets. If they don't ask for it, don't provide it. If the IRS asks...
Tuning Up Your San Diego Business
It's human nature to take the "if it ain't broke, don't fix it," attitude and this extends to allowing areas of a business to simply evolve and develop without scrutiny. This is why tuning up your San Diego business is an important part of leadership for members in an LLC...
Border Tax Debate Heats Up
The border tax debate heats up as more and more business leaders descend on Washington to meet with lawmakers to express concerns. Speaker of the House Paul Ryan was quoted as saying "“[The border adjustment tax is] putting American-made products at a huge advantage. There’s a built-in bias in our...