IRS Now Makes International Tax Noncompliance Penalties Harder To Escape
New IRS educational materials from the 2024 Nationwide Tax Forum cover international tax topics such as proper FBAR and FATCA ...
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IRS penalties or audits for not paying taxes?
Navigating the complexities of tax season can be daunting, especially with the looming threat of IRS penalties and audits.
Case: Accuracy-Related Penalties Properly Imposed for Grossly Overvalued Conservation Easement Deduction (T.C Memo) (IRC §6662)
Taxpayers grossly overvalued a conservation easement deduction and failed to demonstrate reasonable cause for the overvaluation, the U.S. Tax Court held, affirming the IRS’s imposition of ...
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This is the IRS penalty for not filing taxes
Navigating the complexities of tax filing can be daunting, but understanding the potential penalties for not filing is ...
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Kristi Noem asks the IRS to help with Trump immigration crackdown
The IRS has a criminal investigation division of 3,000 people that serves as the agency's law enforcement arm and includes about 2,100 special agents who investigate financial crimes like tax ...
Does bankruptcy clear tax debt?
The intersection of bankruptcy and tax debt involves intricate legal requirements and timing considerations that can ...