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IRS offshore Penalties: International tax law is complex. When it comes to IRS offshore penalties, our primary focus is helping clients with IRS related income and asset reporting requirements get into (and stay) compliant — and avoid fines. Oftentimes, this involves the reporting of offshore assets, accounts, investments, and income to the Internal Revenue Service. In recent years, the IRS Offshore Penalties have become progressively worse. How the IRS dings overseas assets & accounts, and issues offshore penalties can be complicated. The Internal Revenue Service has taken an aggressive approach towards foreign accounts compliance.

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