IRS' Foreign Penalty Power Rightly Curtailed, DC Circ. Told

By Anna Scott Farrell (December 7, 2023, 2:27 PM EST) -- A businessman who persuaded the U.S. Tax Court to declare the IRS powerless to unilaterally collect foreign-business reporting penalties asked the D.C. Circuit to let the decision stand, saying the agency is trying to regain its authority through an inapplicable part of the tax code....

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