Reasonable cause for abating penalties. (examples of effective methods for abating IRS penalties): An article from: The Tax Adviser

This digital document is an article from The Tax Adviser, published by American Institute of CPA's on May 1, 1993. The length of the article is 1366 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: IRS penalties for filing and payment may be abated by demonstrating that the taxpayers failure to comply was not out of neglect or disregard but stemmed from a reasonable cause. The US Supreme Court has determined that reliance on a tax professional to complete a filing qualifies as negligence, but reliance on a tax professional's advice on the necessity to file or a filing date is not. Other case law and a suggested checklist for establishing reasonable cause is presented.

Citation Details
Title: Reasonable cause for abating penalties. (examples of effective methods for abating IRS penalties)
Author: David E. Taylor
Publication:The Tax Adviser (Magazine/Journal)
Date: May 1, 1993
Publisher: American Institute of CPA's
Volume: 24 Issue: n5 Page: 291(3)

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