All posts by Vic Abajian

Examination of the differences between criminal and civil tax penalties, detailing specific penalties that can be handed down by the IRS for various infractions, and how different defenses for differing cases can be beneficial for defendants.

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Overview on FBAR financial form 114 and the rules and regulations behind it including when to file and whether or not you should consult a tax attorney to assist in the process.

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Have you heard of an FTB offer in compromise? It’s rare, but it can happen in certain cases. Read on to learn more about how you can potentially get California tax debt forgiveness, and what some of the requirements are to qualify.

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The IRS has several notorious “30 day” letters that it sends to taxpayers in specific circumstances. Whatever you do, don’t ignore them.

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Learn the basic nature of a bankruptcy, important frequently asked questions regarding IRS debt, and the factors that help eliminate or reduce IRS debt.

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Whether you’re new to foreign taxable income, or you’re an experienced international businessperson looking for some clarification, you might be wondering: “what is FBAR and FATCA, anyway?” The difference between FATCA and FBAR is simply this: one is a declaratory form (FBAR), while the other is a federal law that took effect in 2010 (FATCA). […]

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All About IRS Information Document Requests (IDR) Being audited by the IRS is easily one of the most stress-inducing, harrowing experiences for a United States citizen… especially one who believes they’ve been acting in good faith. When an audit of your taxes has been initiated, one of the first documents you’ll receive from the Internal […]

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Whether you have federal payroll tax problems or California payroll tax problems, one thing is for certain: the IRS does not mess around when it comes to collecting what they’re owed. Every day, business owners fail to pay payroll taxes for many reasons: insolvency, cash flow issues, fear, negligence, ignorance of the law, or simply […]

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Wire transfers are convenient and secure methods for sending money all over the world. In the era of cryptocurrencies and PayPal, wire transfers aren’t the only international capital transfer tools available, but relying on the security of established financial institutions can be reassuring when you have overseas financial interests. If you don’t get all your […]

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The Internal Revenue Service (IRS) is tasked with collecting taxes from every American individual, business, and corporation. What is the IRS statute of limitations on collections, and how long can this agency go back and search for tax fraud? The closer to your Collection Statute Expiration Date (CSED) you get, the more aggressively the IRS […]

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