• Call 818-396-5059
    Professional Tax Representative
  • Trending Tax Topics
    What’s New in Tax

    news & insights

    Many people are surprised to find out that there are people out there who pose as the IRS and contact you with the intent to defraud you.

    Read More

    Vic Abajian, Esq., LL.M. of Abajian Law was invited to speak at the Armenian Bar Association’s Soiree held at the Beverly Hilton on Saturday August 20, 2016.

    Read More

    Many people who owe money to the IRS have heard about tax resolution, but don’t know exactly what it is or how to get it. If you’re considering tax resolution, here’s what you need to know.

    Read More

    The IRS has established a special procedure for people whose assets were forfeited in relation with structuring to request a return of their forfeited property or funds.

    Read More

    The massive leak dubbed as the “Panama Papers” in the media has brought attention to the ability of high ranking world leaders, the rich and the elite to use foreign bank account and nominee entities to hide their wealth. Passports of at least 200 Americans show up in this week’s massive leak of secret data […]

    Read More

    Although experienced practitioners knew the IRS position, it was formally …

    Read More

    Vic Abajian appeared as a panelist and speaker at the 2015 California Tax Practitioners’ Conference presented by the Los Angeles County Bar Association’s Taxation Section. The conference regularly attracts California’s most powerful and respected tax professionals for a day of continuing educational seminars and interactive dialogue about the latest trending tax topics in the taxation […]

    Read More

    Offer In Compromise TIP – Equity in income producing assets will generally not be included in the reasonable collection potential of a viable, ongoing business. We see many offer in compromise analyses that mistakenly include the equity in business assets and thus, taxpayers may end up paying a much higher offer amount or worse, not […]

    Read More

    The 5% penalty Streamlined Filing Procedures for undisclosed foreign bank accounts and assets was modified and is now available for domestic taxpayers with foreign accounts. It’s available only to taxpayers who’s failure to file an FBAR was due to non-willful conduct. For willful conduct, a taxpayer would be better advised to join the OVDP whichThe […]

    Read More

    A major change in the way taxpayers could disclose foreign bank accounts happened in June of 2014 when the IRS implemented changes to its OVDP and streamlined reporting programs. Among the changes made to the OVDP is an increase in the miscellaneous offshore penalty from 27.5% to 50% where the individual had an account at […]

    Read More