Hi everyone, a client came to me with the following issue and i could use some guidance. He is a US citizen living in America, and has sold a piece of land in India for about 60k almost 3 years ago. Only problem is that he told me he filed for taxes in India (3 years ago) but his CPA at the time in America did not inform him that he had to report those earnings on his American taxes, so my client is asking me what his best options are at this point, and what kind of penalties he can expect if he chooses to amend his earlier returns. I've never dealt with anything of this nature, can anyone give me some recommendations?
7-Mar-2020 2:46pm
