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Foreign Trusts › Failure to Comply

Foodman CPAs & Advisors

Forms 3520 and 3520-A Late Filing get IRS Relief

Foodman CPAs & Advisors on

On 10/24/24, the National Taxpayer Advocate shared on its NTA Blog that the IRS has discontinued its policy of automatically imposing penalties for late submissions of Form 3520, which pertains to foreign gifts and...more

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