Taxpayers Need Relief from Steep Automatic Penalty, AICPA Tells IRS, Treasury

The CPA Advocate: April, 2013.� The automatic $10,000 penalty imposed on companies with interests in overseas corporations that file a late information return (Form 5471)�is especially burdensome for smaller companies, the AICPA told the IRS.�

Source: http://feedproxy.google.com/~r/AICPA_Advocacy/~3/bKOBnhr2u-s/TaxpayersNeedRelieffromSteepAutomaticPenalty,AICPATellsIRS,Treasury.aspx

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