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January 30, 2025Ben WagnerCategories: Ben Wagner, Foreign Trust, Income and Deductions, Internal Revenue Service, PenaltiesTags: CA tax lawyer, California tax lawyer, DOR attorney, DOR lawyer, DOR tax attorney, DOR tax case, Foreign Gifts, Foreign Inheritance, Foreign Trusts, Form 3520, Internal Revenue Service, International Information Returns, IRS, lawyer tax twin cities, MDR, MDR information, Metro MN Tax Lawyer, minneapolis tax, Minneapolis Tax Attorney, Minneapolis Tax Lawyer, minnesota tax, MN Tax Attorney, sd tax lawyer, st. paul tax, st. paul tax attorney, st. paul tax lawyer, TAS, tax attorney, tax attorney mn, tax lawyer mn, Taxpayer Advocate Service, twin cities attorney tax, twin cities tax, Twin Cities Tax Attorney, Twin Cities Tax Lawyer, wi tax lawyer, wisconsin tax attorney

IRS Heeds Taxpayer Advocate’s Advice on Foreign Gift Tax Penalties

On October 24, 2024, Commissioner Daniel Werfel announced that the Internal Revenue Service (IRS) wo...