IRS Form 926 - Cash Transfers to Foreign Corporations

In this video, I discuss the IRS Form 926 "Return by a U.S. Transferor of Property to a Foreign Corporation" and all of the unique nuances to the form.

It covers the following topics:
1. What taxpayers are required to file this Form?
2. What types of transfers must be reported?
3. What are the filing penalties for failing to timely file this Form?

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DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal or accounting strategies demonstrated in this video. Thank you.