Category Archives: Talking Taxes

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.

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.

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.

Many people are surprised to find out that there are people out there who pose as the IRS and contact you with the intent to defraud you.

Many people who owe money to the IRS have heard about tax resolution, but don’t know exactly what it is or how to get it. If you’re considering tax resolution, here’s what you need to know.