This Article is not live.
Court Of Appeals Reverses Tax Court's Farhy Decision, But Opportunities Remain To Challenge Penalties For Failures To Report Foreign Gifts
Kelley Drye & Warren LLP
Contributor
Kelley Drye & Warren LLP is an AmLaw 200, Chambers ranked, full-service law firm of more than 350 attorneys and other professionals. For more than 180 years, Kelley Drye has provided legal counsel carefully connected to our client’s business strategies and has measured success by the real value we create.
As noted in our prior advisory, U.S. citizens and residents who receive gifts exceeding certain thresholds from foreign persons must generally report such gifts to the IRS on Form 3520...
