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Form 5471 online Bakersfield California: What You Should Know
If the business has assets from one or more foreign countries, then an IRS authority will issue a letter requiring them to file a Form 8938. If they don't file one, a penalty will be imposed. If they do file one, or answer a question, they have six months from the issue deadline to file. “I think that The IRS is looking pretty hard at people's business,” said a business owner who also had a foreign bank account. The authorities have been following that for years. It sounds like an unnecessary effort.
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