WebTax Form: CVL PEN. Dear Senator Chambliss, Please find enclosed a letter from me to the IRS in Atlanta GA on this date. This letter is self explanatory. Please contact the IRS and ask them why they fined me $1500 as a frivolous penalty under IRC 6702 which only allows a $500 penalty. Also the $500 penalty provision is unfair, unjust and illegal. WebNov 7, 2016 · CP30: The IRS is notifying you that they charged you a penalty for not pre-paying enough of your taxes, either by having taxes withheld from your income, or by making timely estimated tax payments. Please review the amounts being withheld from your wages, pensions, annuities, or other sources of income.
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WebThe current big issues we encounter on a day-to-day basis include: FBAR penalty mitigation and audits, Form 5471, Form 3520-A, and Form 3520 compliance and penalty abatements, international and FATCA letters, tax audits, GILTI compliance and mitigation, Transition tax compliance, Streamlined and other offshore disclosures to limit foreign penalty … WebJan 27, 2024 · You must disclose your CFC holdings to the IRS by submitting Form 5471 if you own shares in a controlled foreign corporation. Each violation comes with a fine of … horter ceramics
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