Big Win for Taxpayers with Foreign Assets: IRS Lacks Authority to Assess & Collect Penalties for Failure to File Foreign Information Returns
Virginia La Torre Jeker, J.D.
US International Tax (NY Bar 1984- current), Forbes Contributor, Forbes, Top 100 Tax Twitter Accounts; Bloomberg Tax Pro to Follow and Bloomberg Tax Author; Quoted NYT, WSJ, Newsweek
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.
All the US tax information you need, every week -
Named by Forbes, Top 100 Must-Follow Tax Twitter Accounts @VLJeker
Named by Bloomberg, Tax Professionals to Follow on LinkedIn?
Subscribe to Virginia – US Tax Talk ?to receive my weekly US tax blog posts in your inbox. My blog specializes in foreign and US international tax issues.
You can access my papers on the Social Science Research Network (SSRN) at https://ssrn.com/author=2779920
?? 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!
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?