Am I "Non-Willful"? Taxpayers pursuing resolution of a foreign account issue within the Streamlined Procedures are required to certify, under penalties of perjury, that their conduct was “non-willful.” For purposes of the streamlined procedures, non-willful conduct is defined as conduct that is “due to negligence, inadvertence, or mistake or conduct that is the result of a good faith misunderstanding of the requirements of the law.” The issue at hand...
Irs Fbar Streamlined Procedures Revisited: Am I Non-willful?
Charles Rettig, Contributor, Forbes
Sun, 08/02/2015 - 12:29pm
BING NEWS:
- IRS SFCP Provides Relief To Taxpayers With Undisclosed Foreign Assets
Third, the taxpayer must submit the streamlined submission prior to the ... but were not, reported on an FBAR or an IRS Form 8938, and (ii) the value of any disclosed assets in which the taxpayer ...
04/7/2024 - 4:45 pm | View Link - Supreme Court To Rule On IRS Penalty For Non-Willful Failure To Report Foreign Accounts
The Supreme Court has announced that it will decide, considering the non-willful FBAR violations in Bittner v. United States, No. 21-1195. The Bittner decision is in direct conflict with a Ninth ...
06/22/2022 - 12:05 am | View Link - More
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