All posts by Marketingism

As you may know, the Internal Revenue Service (IRS) shut down its Offshore Voluntary Disclosure Program (OVDP) on September 28, 2018. The OVDP allowed taxpayers to voluntarily disclose unreported foreign financial assets in order to avoid civil and criminal prosecution. In other words, the OVDP allowed those who may have willfully hid money in offshore […]

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An overview of updates related to tax law needs in the midst of the COVID-19 pandemic and an update on the continued essential services being offered by Abajian Law.

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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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