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IRS Foreign Reporting Penalties: What to Do About CP215 & CP15 Notices

Understanding and responding to IRS notices about international tax disclosures can be overwhelming. While the IRS provides resources on international reporting requirements , these materials are often complex, filled with technical jargon, and difficult to navigate for the average taxpayer. This guide simplifies what you need to know about the most common IRS penalty notices related to international disclosures, the forms that trigger them, and the potential consequences of non-compliance.

Our professional tax resolution team specializes in addressing these exact issues, offering expert assistance to help minimize or eliminate penalties through strategic compliance approaches and proven abatement techniques. Don’t face these substantial penalties alone—let our experienced professionals guide you through the resolution process.

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Understanding IRS CP215 Notices for International Disclosures

If you receive a notice CP215 from the IRS, it is likely that you failed to file tax forms related to international items disclosures. Some common tax forms include but not limited to:

  • Form 5471
  • Form 5472
  • Form 8856
  • Form 8858
  • Form 926

Addressing IRS CP15 Notices for Foreign Asset Reporting

If you receive a notice CP15 from the IRS, it is likely that you failed to file one of the forms below.

  • Form 3520
  • Form 3520-A
  • Form 114 and/or Form 8938.
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Penalty Abatement Options for International Tax Compliance

Both the notice CP15 and CP215 are Notice of Penalty Charge. The amount of penalty proposed by the notice is generally significant starting from $10,000. The penalty is civil penalty and is difficult to abate. Luckily, we are well versed in abating these types of penalties and are happy to assist. Whether through our custom abatement process or through the Streamlined Foreign Reporting Procedures, we can handle this for you.

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