news & insights

Tax season can be a very stressful time for everyone who has to file. However, it doesn’t have to be all that bad. Check out our 10 most common tax problems that you can avoid with a little planning. From fines for unfiled taxes to return delays due to misinformation, tax problems are easy to […]

We are proud to announce the hiring of Ovsep Akopchikyan, Tax LL.M. Mr. Akopchikyan brings a wealth of litigation strategy and trial experience to our firm.

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

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.

Abajian Law Tax Attorneys Vic Abajian and Aksel Bagheri attended the annual Tax Controversy Institute on October 25, 2016 at the Beverly Hills Hotel.