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  • IRS Lacks Authority to Assess Penalties for Form 5471
    Tax News

    U.S. Tax Court Rules IRS Lacks Authority to Assess Penalties for Late or Unfiled Form 5471

    ByJoe May 9, 2023

    Farhy v. Commissioner decision limits the IRS’s power to impose penalties for failure to file or filing late Form 5471 In a recent U.S. Tax Court opinion, Alon Farhy v. Commissioner, 160 T.C. 6 (Apr….

    Read More U.S. Tax Court Rules IRS Lacks Authority to Assess Penalties for Late or Unfiled Form 5471Continue

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