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Taxpayer Wins! (DOJ gets IRS to erase penalty for good faith filer.)

Updated: Apr 17, 2023

some lessons here:

Tax Pros sometimes make mistakes. Just because you get an answer you like doesn't mean it's the right answer.

Gifts and inheritances from overseas should be planned and handled by an expert familiar with the issues.

It's rare, but taxpayers do have the right to have penalties forgiven when they follow the erroneous advice of a tax professional.

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