Taxes
Tax Filing Deadline Extension for K-1 Visa Holders
Wondering if K-1 visa holders can get a tax extension? Find out the tax filing deadline for visa holders and if extensions are possible.
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Lasted Taxes
Understanding IRC Fraud Penalties and Tax Evasion Consequences
Under IRC §§ 6651(f) or 663, fraud penalties can be imposed for tax evasion consequences. Learn more about the penalties…
L1 Visa Holders: Understanding Tax Penalties and International Tax Rules for Expatriates
L1 visa holders may face tax penalties for international taxation errors. It's crucial for expatriates to understand the consequences of…
Understanding Form 8621 Filing Requirements and PFIC Penalties
Form 8621 must be filed by individuals with shares in a Passive Foreign Investment Company (PFIC). Failure to file can…
Understanding Form 8865 Penalties for Non-Filing
Form 8865 is for U.S. taxpayers with foreign partnerships. Not filing this form can result in severe penalties. Stay compliant…
Penalties for Failure to File Form 5472: What You Need to Know
Failing to file Form 5472 can result in significant penalties. It is crucial to understand the consequences of non-compliance to…
Filing Form 5472 for Foreign-Owned US Corporations: A Guide
Form 5472 is required to be filed by foreign-owned US corporations. Learn about its purpose, requirements, and who is obligated…
Understanding Form 5471 Penalties: Consequences of Failure to File
Failure to file Form 5471 penalties can result in severe consequences. Know the risks and potential penalties for not complying…
Understanding Form 5471 for US International Tax Compliance
Form 5471 is required by US international tax compliance regulations. Ensure you understand who needs to file it and why…