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Month: May 2021

What to do After Receiving Notice CP 15 or CP 215 for Failure to Timely File Form 3520

28 May, 2021

When receiving a penalty for failure to timely file Form 3520, Notice CP 15 or CP 215 is sent to the taxpayer notifying the taxpayer which requires a timely response. When receiving Notice CP 15

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Penalties for Not Filing Form 3520

26 May, 2021

The IRS requires a U.S. person receiving a gift from a foreign individual, corporation, partnership, or estate to report by filing Part IV Form 3520. Failure to file or late, incorrect, or incomplete filing is

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