(New) Update to IRS 3520 Penalty Enforcement Explained 2025 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 New Update to IRS 3520 Foreign Gift Penalty Enforcement appeared first on International Tax Attorney | IRS Offshore Voluntar...
