Category Archives: Tax Law

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?

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

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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.

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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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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.

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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.

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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.

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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.

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Recently the IRS has used I.R.C. § 280E to disallow claimed deductions taken by taxpayers in relation to medical marijuana dispensaries. A recent court case has strengthened the IRS’s position in this regard. I.R.C. § 280E says no deduction or credit shall be allowed for any amount paid or incurred during the taxable year in […]

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