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...
IRS Form 8938 and FBAR (Form 114) Comparison
IRS Form 8938 and FBAR (Form 114) Comparison
Two More Swiss Banks Agree to Cooperate with the Department of Justice and IRS
The U.S. Department of Justice announced that two banks, Rothschild Bank AG and Banca Credinvest SA, have reached resolutions under the DOJ’s Swiss Bank Program.