If you hold foreign assets or earn money overseas, it’s critical that you are aware of your FBAR obligations. Learn more about how to protect yourself in the event of an FBAR audit.
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If you’re facing a federal or state tax lien or levy, read on for information about some of your rights and options.
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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.
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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 […]
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The IRS will negotiate a settlement for taxpayers who meet specific requirements. A tax attorney is highly recommended when negotiating with the IRS.
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Penalty Relief options are available under the expanded IRS Fresh Start Initiative. The IRS still provides Penalty Relief through FTA and Reasonable Cause.
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The IRS’ (Internal Revenue Service) Criminal Investigation (CI) division issues informative reports for every fiscal year in order to highlight its main areas of focus. There were some important issues highlighted in the report for fiscal year 2013 published earlier this year in February. There was a 12.5% increase from 2012 in criminal investigations completed […]
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According to the IRS on March 14, 2013, the IRS has $917 million for people who have not filed a 2009 income tax return. There are an estimated 984,400 taxpayers who did not file a federal tax return for 2009. The IRS also estimated that half the potential refunds for 2009 are more than $500. […]
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IRS Leniency Program 2009 In 2009, in response to the troubling economy, the IRS announced that it was going to be more lenient on taxpayers who are unable to pay the taxes they owe. This may include those who have recently lost their jobs, are relying heavily on Social Security benefits, or are facing severe […]
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