All posts by Abajian Law

If you hold assets in an offshore bank account, your banking institution may receive a John Doe summons from the IRS. A John Doe summons is a request from the IRS for information about an unidentified taxpayer. The IRS typically issues a summons when it believes a taxpayer has engaged in tax evasion or fails […]

On September 2, 2022, the IRS announced the accidental release of around 120,000 taxpayers’ confidential information. The breach occurred regarding information found on IRS Form 990-T. Tax-exempt entities use this form to file income taxes on income earned from investments unrelated to their exempt classification. What Happened? On August 26, 2022, the IRS discovered the […]

If you owe a tax debt to the IRS, they may have the right to file a levy against you to collect payment on delinquent taxes. An IRS levy allows the agency to seize your property or garnish your wages to pay what you owe. As confusing and stressful as an IRS tax levy can […]

In recent years, the IRS has aggressively enforced foreign bank and financial account reporting requirements. The Foreign Bank and Financial Account Report is a financial filing requirement used by individuals with foreign assets. U.S. persons are required by law to submit the FBAR by the April 15th IRS filing deadline. Taxpayers who do not comply […]

Have you recently been selected for an audit by the IRS? Don’t panic. Although an audit can be scary, an experienced tax attorney can help you manage through your audit with ease. Whether this is regarding an individual tax return, or a business tax return, the tax attorneys at Abajian Law will be able to […]

Receiving a notice from the California Employment Development Department (EDD) can be stressful and worrisome. What did you do wrong with your payroll filing? Were the issues actual mistakes, or did fraud occur somewhere down the line? You might not be able to get the answers you want immediately, but you should consult an EDD […]

Have you invested in cryptocurrency this past year? If so, it’s essential that you have an understanding of how the Internal Revenue Service (IRS) is going to tax the gains on that investment. As of November 2021, the global value of cryptocurrency has surpassed $3 Trillion. If you have any type of investment in cryptocurrency, […]

If you have received an IRS summons in the mail, you’re likely experiencing stress and worry wondering how best to proceed.

Dealing with the Internal Revenue Service (IRS) is never easy. The agency has the power to freeze your assets, seize your business or home, garnish your wages, and withdraw funds from your savings accounts.

Receiving an IRS notice of deficiency doesn’t necessarily mean that you will wind up with a number of legal troubles. However, it does mean that you should immediately speak with an experienced tax attorney from Abajian Law about your situation.