Category Archives: Tax Law

Have you invested in cryptocurrency this past year? If so, it’s essential that you have an understanding of how the Internal Revenue Service (IRS) is going to tax the gains on that investment. As of November 2021, the global value of cryptocurrency has surpassed $3 Trillion. If you have any type of investment in cryptocurrency, […]

Navigating American tax codes can prove difficult for individuals and multinational corporations alike. When American taxpayers have income-generating assets on foreign soil or hold overseas accounts, annual reporting becomes a far more complicated process.

The Internal Revenue Service (IRS) is tasked with collecting taxes from every American individual, business, and corporation. What is the IRS statute of limitations on collections, and how long can this agency go back and search for tax fraud? The closer to your Collection Statute Expiration Date (CSED) you get, the more aggressively the IRS […]

Just a decade ago the concept of a “marijuana tax attorney” would be unthinkable. Today, with things changing so dramatically and rapidly many dispensary owners and cannabis professionals are wondering how to meet their tax obligation in good faith… without paying more than is necessary. The current tax landscape with pitfalls around every corner make […]

It’s a simple fact of life that business is becoming increasingly global. For American citizens earning income or living abroad, it can be a huge wake up call to learn that the United States taxes based on earnings, not on physical location. As a result, well-intentioned people get into sticky — and potentially disastrous — […]

If you have foreign assets and/or accounts, you need to be aware of reporting requirements under the Foreign Account Tax Compliance Act (FATCA).

Looking to take advantage of the Foreign Earned Income Exclusion? Learn more about how this exclusion can benefit those earning income abroad!

Marriage and finances are absolutely intertwined, which can lead to some shocking revelations of tax liability when one partner is left in the dark. That’s why the IRS offers the “Innocent Spouse” program.

Harborside Health Center, a marijuana dispensary in Oakland CA, has found itself on the losing side of a Tax Court challenge this month.

Facing an audit can be scary as a small business owner, but the professionals at Abajian Law can help you thoroughly prepare your records.