US EditionIRS Enforcement Trends: Increased Scrutiny of Form 5471 and Global Tax Reporting - CryptoNexa
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IRS Enforcement Trends: Increased Scrutiny of Form 5471 and Global Tax Reporting - CryptoNexa
In an era of increased global transparency and financial interconnectedness, the Internal Revenue Service (IRS) has significantly ramped up its scrutiny of international tax compliance. One of the main areas drawing attention is the filing of Form 5471, a complex document used by U.S. persons who are officers, directors, or shareholders in certain foreign corporations. With new enforcement mechanisms and technology-driven audits, the IRS has int…
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