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D.C. Circuit Overturns Tax Court’s Farhy Decision: What it Means for International Tax Filing Penalties

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D.C. Circuit Overturns Tax Court’s Farhy Decision: What it Means for International Tax Filing Penalties

Attention taxpayers…the D.C. Circuit recently reaffirmed the IRS's authority to assess penalties against taxpayers who fail to timely file certain international information returns, overturning the Tax Court’s taxpayer-friendly decision from last year. Here’s what you should know.

By Brad Lombardi, J.D., LL.M May 16, 2024

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