Latest Breaking News On - Reasonable cause - Page 9 : comparemela.com
The FBAR (Report of Foreign Bank and Financial Accounts): Everything You Need to Know | Freeman Law
jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
IRS Nationwide Tax Forum kicks off July 20 | Internal Revenue Service
irs.gov - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from irs.gov Daily Mail and Mail on Sunday newspapers.
High Courts Weekly Roundup [Jan 25 – Jan 31]
livelaw.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livelaw.in Daily Mail and Mail on Sunday newspapers.
To embed, copy and paste the code into your website or blog:
On November 5, 2020, the IRS removed the Delinquent Information Submission Procedure Program from its Offshore Compliance Options Menu. Before the removal of this program, a US Taxpayer could file a “delinquent” international information tax return with what is known as a Reasonable Cause Statement from which the IRS could waive non-compliance penalties if a US Taxpayer was able to establish Reasonable Cause to the satisfaction of the IRS.
The November 5, 2020 IRS update demonstrates that the IRS can change it position towards Taxpayers in the international arena at its discretion. Not only did the IRS remove the Delinquent Information Submission Procedure Program, but it also alarmed US Taxpayers and Tax Practitioners by stating that: