Filing Late Tax Returns: Reducing Penalties and the Risk of Prosecution

October 17, 2012  |  The Insider: White Collar Defense and Securities Enforcement

April 15 is commonly viewed as “Tax Day” in the United States, but approximately 11 million taxpayers take advantage of the automatic extension that allows them to file their returns by October 15. While many taxpayers file for this six month extension because of unavoidable delays in obtaining information from third parties, for some taxpayers the decision to “go on extension” [...]

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