HomeTag: Rafizadeh

Tag: Rafizadeh

27
Mar

Recent Tax Court Ruling Limits Statute of Limitations for Foreign Account Reporting

By Andreozzi Bluestein LLP Comments are Off , , , , , ,

By: Tiffany D. Bell, Esq. In 2010, Congress added to the anxiety of tax practitioners when it expanded the statute of limitations for the IRS to assess income taxes to six years when a taxpayer fails to include Form 8938 with his tax return.  Taxpayers use Form 8938 to report to IRS foreign bank accounts and other specified foreign financial

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