Greenberg Traurig LLP: IRS Announces Revisions to the Application Form for Voluntary Disclosures with New Provisions for Cryptocurrency, Employment Tax, and Estate, Gift and Generation-Skipping Transfer Tax (February 17, 2022)

Greenberg Traurig LLP has made available for download their article, “Greenberg Traurig LLP: IRS Announces Revisions to the Application Form for Voluntary Disclosures with New Provisions for Cryptocurrency, Employment Tax, and Estate, Gift and Generation-Skipping Transfer Tax”, published in Greenberg Traurig Tax Legacy Advisors. The article begins as follows:

On Feb. 15, 2022, the IRS announced revisions to Form 14457, the Voluntary Disclosure Practice Preclearance Request and Application. The longstanding Voluntary Disclosure Practice is a way for taxpayers who have criminal exposure for willfully failing to comply with their U.S. reporting requirements to resolve the issue with the IRS.

Click here to see to see the full article: “Greenberg Traurig LLP: IRS Announces Revisions to the Application Form for Voluntary Disclosures with New Provisions for Cryptocurrency, Employment Tax, and Estate, Gift and Generation-Skipping Transfer Tax”

Posted by Mallory Wentz, Associate Editor, Wealth Strategies Journal.

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