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August 2018 Archives

Tax planning and foreign assets: Avoid hefty penalties

The United States government requires American taxpayers report foreign assets to the Internal Revenue Service (IRS). A failure to meet this obligation can result in hefty monetary penalties and fines as well as potential imprisonment. The severity of these penalties can increase as time passes without compliance. As such, any taxpayers that have yet to come into compliance are wise to do so promptly.

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Los Angeles, CA 90025-1176

Phone: 424-394-0332
Fax: 310-551-1565
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