Trends in International Tax Reporting, Failure to File Penalties by Joel G. Young, JD, LLM
Posted on May 02, 2023 by Joel Young
U.S. tax law requires taxpayers to annually report many of their cross-border activities, including the existence of foreign bank accounts, interests in foreign companies and large gifts from foreign persons. While most of these reports are merely informational and have no bearing on taxpayers’ actual U.S. tax liabilities, failing to file the appropriate forms or […]