A revision of a demand letter correcting penalties and late fees owed for not reporting a foreign bank account does not nullify the date for calculating interest, the U.S. government told the Ninth Circuit in a bid to apply interest to a $238,000 penalty.
FBAR Letter’s Fix Shouldn’t Affect Interest, IRS Tells 9th Circ.
by usoftax_admin | Oct 18, 2023 | Tax News