Did the IRS Assess International Information Return Penalties Against You? You Might Be Entitled to a Refund Based on a Recent Tax Court Opinion
On April 3, 2023, the U.S. Tax Court issued its opinion in Farhy v. Commissioner, 160 T.C. No. 6 (2023). This case deals a major blow to the Internal Revenue Service (IRS) and its efforts to collect penalties related to certain international information returns. Did...
Time for Filing U.S. Tax Court Petitions is Extended
Due to the COVID-19 pandemic, the Treasury Department and the IRS, pursuant to its authority in IRC Section 7508A, has extended the time to file certain petitions with the U.S. Tax Court.