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When Business Owners Can Be Personally Liable for Payroll Taxes

April 20, 2026 Juda Gabaie No Comments

Most business owners assume that a corporation or LLC shields them from personal liability. In many situations, that’s true, but payroll taxes are one major exception. Under federal law, the government can hold individuals personally responsible for certain unpaid payroll taxes through a powerful enforcement tool known as the Trust…

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How to Challenge an IRS Audit Result the Right Way

April 10, 2026 Juda Gabaie No Comments

Receiving an unfavorable IRS audit result does not mean the matter is over. Taxpayers have the right to challenge audit adjustments through the IRS appeals process. However, the way you pursue that appeal does matter. If you do it incorrectly, it can expand the dispute, delay resolution, or weaken your…

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How to Fight an IRS Negligence or Accuracy-Related Penalty

March 20, 2026 Juda Gabaie No Comments

Under Internal Revenue Code § 6662, the IRS may impose a 20% accuracy-related penalty on any underpayment attributable to negligence, disregard of rules, or substantial understatement of income tax. An IRS penalty isn’t the final word, however. It’s an allegation, and it can be challenged. What “Negligence” Actually Means Treasury…

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Are You Prepared for a Partnership Audit? The Rules Have Changed

March 10, 2026 Juda Gabaie No Comments

Partnership audits no longer work the way many business owners assume. Under the Bipartisan Budget Act of 2015, Congress replaced the old audit system with a centralized partnership audit regime known as the BBA rules or the Centralized Partnership Audit Regime (CPAR). As a result, the IRS now audits and…

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Crypto & Tax-Loss Harvesting: What the IRS Rule Means for Digital Assets

January 20, 2026 Juda Gabaie No Comments

When it comes to tax-loss harvesting and cryptocurrencies, the rules aren’t the same as those for stocks. Under current U.S. federal law, the wash sale rule doesn’t apply to cryptocurrency—but it could change in the future. What the IRS Says Today The IRS treats cryptocurrencies (and other “digital assets”) as…

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What to Do If the IRS Says You Underpaid Taxes

January 10, 2026 Juda Gabaie No Comments

If you receive a notice indicating that you underpaid your taxes, it means the IRS has determined your reported tax liability was incorrect. It could be due to an error, missing income, or miscalculation. In that case, you may owe additional tax, plus interest and possibly penalties for the underpayment.…

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What IRS Revenue Officers Don’t Tell You (And Why Representation Matters)

December 20, 2025 Juda Gabaie No Comments

When you receive contact from an Internal Revenue Service (IRS) Revenue Officer (RO), the conversation may feel like you’re negotiating on their turf. They’re experienced tax officials who know all the rules of the game—while for you, it may be the first time you’re ever dealing with an RO. You…

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The Hidden Cost of Failing to Report Inherited Property

December 10, 2025 Juda Gabaie No Comments

When you inherit property, it’s easy to assume everything’s settled. However, missing or misreporting key tax details can lead to unexpected liability. At Gabaie & Associates, LLC, we help clients uncover these blind spots before they become costly. What is the Tax Basis of Your Inherited Asset? For most inherited…

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IRS Liens and Levies: Don’t Fall for These 3 Myths

November 20, 2025 Juda Gabaie No Comments

When it comes to tax enforcement, rumors and half-truths spread fast. Let’s go over five of the most persistent myths around IRS liens and levies—and what you should really know as a taxpayer. Myth 1: “The IRS can’t touch my retirement or pension accounts.” Truth: Under U.S. tax law, the IRS can levy…

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