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Great News For IRS Form 3520-A Filers That Effects Thousands Of Taxpayers | TaxConnections
The IRS Office of Associate Chief Counsel (International) has agreed to investigate an erroneous penalty campaign by the IRS targeting foreign trust owners who have timely filed Substitute Form 3520-A. If you have clients who have received one of these Form 3520-A penalty notices, we need your input. The IRS would like specific information from taxpayers who have been targeted, so I have created the attached password protected information form to distribute to practitioners.