The IRS has revised and substantially added to the FAQs. The revised and enhanced FAQs may be viewed here. These FAQs as revised are must reads for taxpayers who have FBAR and related income tax noncompliance over the past 6 years, and for practitioners who represent them.
The FAQs do raise some interesting issues which I will address in later blogs.
No comments:
Post a Comment
Comments are moderated. Jack Townsend will review and approve comments only to make sure the comments are appropriate. Although comments can be made anonymously, please identify yourself (either by real name or pseudonymn) so that, over a few comments, readers will be able to better judge whether to read the comments and respond to the comments.