Form 8865 Archives | EA Journal

Feature Article

How to Handle Foreign Informational Form Penalties

It was approximately two years ago when the tax law equivalent of a 7.0 earthquake came in the form of a decision from the United States Tax Court when it issued its decision in the case of Farhy v. Commi... David Woods, EA, USTCP, NTPI Fellow®

Fall 2025, Feature Article, collection due process, §6038, §6751(b), Form 8938, §6330, Form 926, Form 5471, Form 8865, Form 3520, Form 5472, §6201(a), Farhy v. Commissioner, §6038(a), §6038(b), Mukhi v. Commissioner, §6038(c), Safdieh v. Commissioner, first-time abatement, foreign informational form penalty

Feature Article

Tax Compliance for Refugees

“Give me your tired, your poor, your huddled masses yearning to breathe free…” – Emma Lazarus All... Mary Beth Lougen, EA, USTCP

Spring 2024, Feature Article, foreign, immigrants, FBAR, COVID-19, Form 114, earned income tax credit, EITC, child tax credit, Economic Impact Payment, Form 8858, Form 8938, Form 5471, Form 8865, Form 3520, Form 3520-A, nonresident alien, international information returns, §6013(g), §6013(h), §6428B, §6428, §7701(b)(1)(A), Form 8621, refugees, asylees, permanent resident, green card, humanitarian, visa, employment authorization document, EAD, §7701(b)

Feature Article

Assessable Penalties and Abating Them

The United States federal tax system operates on a system of somewhat voluntary compliance. However, human nature being what it is, a voluntary system without a means of enforcement lends itself to fraud, ignorance, and disregard. I... David Woods, EA

Sept/Oct 2021, Feature Article, §199A, penalties, fraud, §6038, §6662, accuracy-related penalty, Form 8858, Form 8938, §6651(a), §6651(a)(1), §6651(a)(2), §6663, Form 926, Form 5471, Form 8865, Form 3520, Form 3520-A, §6662(j), abatement, §6038D