U.S. Citizens in Canada InfoShop

2012 Jan 19 – Worst

 
Worst nightmare as IRS wants $550K in penalties over $4K tax bill
Investment News (19 Jan 2012)

http://www.investmentnews.com/article/20120119/FREE/120119909

The representative for the client in the headline case is “stalling” to see if the IRS will grant “more discretion to reduce the penalties for those remaining in the voluntary disclosure program.” To opt out of the program may trigger examination that entails unacceptable uncertainty and risk.
 

Written by usxcanada

19 January 2012 at 6:00 am

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