IRS international tax audit updates
- 6 years ago
The IRS has announced four new audit campaigns on international filers:
1. Who file the Foreign Tax Credit
2. Who file the foreign income exclusion
3. Who used a proxy to hide ownership of Swiss Accounts.
4. Who controlled foreign corporations who make loans back to the US-based parent code (sec 956).
Tax Attorney Anthony Parent and host Claudine Gindel discuss how these audits will works the true target of the audits and what to do if you are concerned about your FBAR audits or international reporting forms (5471, 8821, 8865, 8938, 3520-A, 3520, etc) or criminal exposure.
1. Who file the Foreign Tax Credit
2. Who file the foreign income exclusion
3. Who used a proxy to hide ownership of Swiss Accounts.
4. Who controlled foreign corporations who make loans back to the US-based parent code (sec 956).
Tax Attorney Anthony Parent and host Claudine Gindel discuss how these audits will works the true target of the audits and what to do if you are concerned about your FBAR audits or international reporting forms (5471, 8821, 8865, 8938, 3520-A, 3520, etc) or criminal exposure.