Update on Form 3520 Penalties

...AICPA have pushed for clearer abatement procedures and protections for taxpayers who made honest mistakes. Similarly, filing through the Delinquent International Information Return Submission Procedures (DIIRSP) remains a viable option...

All the Many FBAR Late Filing Procedures

...penalized if they filed the necessary delinquent forms. Our firm has still had great success with the old and new DIIRSP program. To learn more about DIIRSP go to: https://patellawoffices.com/blog/planning-for-tax-minimization/irs-revises-delinquent-international-information-return-submission-procedure-diirsp/...