Category Archives: IRS Policy

If you’re facing a federal or state tax lien or levy, read on for information about some of your rights and options.

Abajian Law attended the 33rd Tax Controversy Institute, the premier conference for top tax practitioners and high-ranking IRS employees to meet and discuss the most relevant and critical issues surrounding the IRS.

Learn about the relationship between the IRS and bitcoins, as well as the legality and tax implications of owning and mining bitcoins.

In an increasingly connected economy, it’s important that private citizens and business owners tread carefully with tax implications both at home and abroad.

If you have tax issues stemming from underpayment or non-disclosure of foreign assets, you may have heard of the “OVDP” — the IRS’ Offshore Voluntary Disclosure Program. It’s a program the IRS offers taxpayers who are exposed to potential criminal liability and/or substantial civil penalties, due to mishandling of tax payments due on their foreign […]

Each year, the deadline for filing your taxes (usually April 15) sneaks up on many people, who end up missing it. So, you missed the deadline — now what?

There is a new deadline for FBAR filing: taxpayers will have to submit their FinCEN 114 forms on April 15, with a 6-month extension available.

The IRS will negotiate a settlement for taxpayers who meet specific requirements. A tax attorney is highly recommended when negotiating with the IRS.

Penalty Relief options are available under the expanded IRS Fresh Start Initiative. The IRS still provides Penalty Relief through FTA and Reasonable Cause.

To avoid penalties, a U.S. person with offshore assets will have to disclose those assets and the related income to the IRS, as well as pay taxes on foreign income.