I discovered the missed filing myself before the IRS contacted me. Should I file the delinquent return now or wait for advice?
I am in Hong Kong and realized my foreign-owned LLC missed an international information filing. The IRS has not contacted me yet. I found the delinquent international information return procedures online, but I am nervous because they say penalties may still be assessed even if I attach a reasonable cause statement.
I do not want to make things worse by filing incorrectly, but I also know waiting may not help either. I need a realistic sense of the safer direction.
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