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Day: April 16, 2024

IRS International Fines Not Excessive: Form 3520 Penalties Upheld, Form 5471 Penalties Again Unassessable

16 April, 2024

International tax reporting requirements are complex, and the penalties for non-compliance can be severe.  In Mukhi v. Commissioner of Internal Revenue, the U.S. Tax Court considered a case involving a taxpayer who faced both criminal

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