Chapter 16: Most “Form Crime” penalties can be abated if there is “reasonable cause”

This will be the shortest chapter. I am certain that after having read Chapter 15 about “Form Crime” and the possible penalties (usually $10,000 a form”) you will want to know how get “Form Crime Relief”.

Speaking of $10,000 – the “Standard Form Crime Penalty”

Mitt Romney bets Rick Perry a $10,000 (a standard "Form Crime Penalty" https://t.co/emqGDCQexk

— John Richardson – Counsellor for US persons abroad (@ExpatriationLaw) July 24, 2016

It is important for you to know that:

– “reasonable cause” does exist as a defense; and

– If you were truly ignorant of the form (who wouldn’t be?) then you it may work for you.

First, “Form Omissions” are generally what the IRS would call “Delinquent Information Returns“.

Delinquent International Information Return Submission Procedures https://t.co/k7pOBulIwk – how to file those forms you didn't know about

— John Richardson – Counsellor for US persons abroad (@ExpatriationLaw) July 24, 2016

Second, what’s “reasonable cause” anyway?

Penalty Relief Due to Reasonable Cause https://t.co/cB6G9stPVd – Begin understanding "reasonable cause" from the IRS directly

— John Richardson – Counsellor for US persons abroad (@ExpatriationLaw) July 24, 2016

Remember, …

Many “Form Crime” penalties can be abated based on “reasonable cause”.