©2019 Grant W McMichael CPA PLLC. All Rights Reserved. Grant W McMichael CPA PLLC is a licensed CPA firm in the state of Texas.

TAX BLOG

For expats and entrepreneurs with foreign business interests, additional information returns are required to be filed on tax day. The failure to file some of these foreign information returns can trigger a hefty penalty from the IRS, usually starting at $10,000 per offense. More importantly, failure to file required foreign information returns can leave taxpayers open to audits and assessments long after the standard three-year statute of limitations.

---------------------------------------------

...

Please reload