Forbes

IRS Can Audit Your Taxes Forever If You Miss A Key Form

A stock photo of a Red Audit stamp on a 1040 US individual income tax return. Photographed at 50mp with the Canon EOS 5DSR and the 100mm 2.8 L lens. If you fail to file a required Form 5471, your ...
Forbes

IRS Can Audit You For 3 Years & Often Longer, Here’s How To Tell

Concept image for filing federal income taxes online and being audited. Computer keyboard, calculator and pen are placed on income tax form 1040. The 'word' AUDIT is stamped on the form 1040. Tax ...
Forbes

Scariest Tax Form? Omit It, And IRS Can Audit You Forever

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Before you file your taxes, consider how long you must look over ...
Forbes

Skip Any Of These IRS Forms, Get Tax Audits ... Forever

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. If you fail to file a required Form 5471, your entire tax return ...
JD Supra

IRS Has No Statutory Authority to Assess Penalties for IRS Form 5471

The U.S. Tax Court ruled recently that the U.S. Internal Revenue Service has no statutory authority to assess (or collect) civil penalties under IRC §6038(b) for failure to file or filing late IRS ...