IRS International Disclosure Penalties
If you receive an IRS notice CP215, it likely means you failed to file required tax forms related to international disclosures.
Common forms associated with CP215 include
- Form 5471
- Form 5472
- Form 8856
- Form 8858
- Form 926
Similarly, a notice CP15 suggests that you may have failed to file
- Form 3520
- Form 3520-A
- Form 114 and/or Form 8938
Both notices CP15 and CP215 are penalty notices, often starting at $10,000. These civil penalties can be challenging to reduce or eliminate. Fortunately, we specialize in abating such penalties and can assist you through our custom abatement process or the Streamlined Foreign Reporting Procedures.
If you receive a CP15 or CP215 notice and need assistance, please contact us. The team handles these IRS notices regularly and has a streamlined process to mitigate or resolve these issues effectively.