An Update for Expats with Form 3520 Penalty Concerns At the close of 2024, the then-acting IRS Commissioner of the Internal Revenue Service made a statement that the IRS intends to change the method for assessing 6039F (Form 3520) penalties for failing to report foreign gifts. Unlike various other types of international information reporting forms, […] The post 2025 Update for Expats with IRS Form 3520 Penalty Concerns appeared first on Expatriation Exit Tax Lawyers: Citizens & Long-Term Re...
