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37. IRS Penalty Abatement: How Reasonable Cause Works | Ask An Expert with Virginia La Torre Jeker
You don’t want to be arguing with the IRS. But, if it comes to it, there are some defences. One is reasonable cause. For cross-border financial and tax obligations, it’s important to know it.
Richard Taylor asks an expert for their take on this. The expert is Virginia Jeker, a seasoned U.S. international tax attorney, and she talks about what it takes to successfully argue reasonable cause when facing IRS penalties, such as those for missed informational returns. They explore the importance of due diligence, the nuances of working with competent tax professionals, and the costly risks of…
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