Big Win for Taxpayers with Foreign Assets: IRS Lacks Authority to Assess & Collect Penalties for Failure to File Foreign Information Returns

Big Win for Taxpayers with Foreign Assets: IRS Lacks Authority to Assess & Collect Penalties for Failure to File Foreign Information Returns


This is huge..... Certainly IRS is taking action to get the case reversed or to have Congress take action to change the law. Full details at my blog post.


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Melissa Perry, Esq.

?? Guiding clients through the intimidating procedural and regulatory maze when faced with government action.

1 年

Sadly- Congress or the Treas. will “fix” this flaw. Take advantage while you can!

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Samuel Moshe Nachfolger

Tax Accountant for US expats & dual citizens. Effortless tax filing. Tax Pro ready to help you.

1 年

Does this affect FBAR and form 8938 non filing penalties as well?

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