Category Archives: Talking Taxes

How does an offer in compromise work? What guidelines are necessary to take advantage of it, and when should a tax attorney be retained to help with the process?

Read More

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

Read More

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 […]

Read More

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?

Read More

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.

Read More

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

Read More

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

Read More

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.

Read More

Many options are available when dealing with back-taxes. A tax attorney is useful and sometimes necessary to pick the best option for a taxpayer in debt.

Read More

At Abajian Law, we’ve put together an action plan if you find yourself with an IRS tax bill that you’re unable to pay.

Read More