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IRS Streamlined 5% Penalty Example (Board-Certified Tax Specialist)

IRS Streamlined 5% Penalty Example (Board-Certified Tax Specialist) If you are considering entering the IRS Streamlined Program, then it is important that you understand how to calculate the penalties.  IRS Streamlined 5% Penalty Calculation The IRS Streamlined Domestic 5% Penalty is based on the highest year-end balance of certain unreported FBAR and FATCA assets that…