When will reliance on a tax adviser avoid an accuracy-related penalty?: An article from: The Tax Adviser

This digital document is an article from The Tax Adviser, published by American Institute of CPA's on December 1, 1997. The length of the article is 4793 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: Courts will excuse IRC section 6662 accuracy-related penalties if facts and circumstances support taxpayers' assertions of their reasonable cause/good faith defenses of reliance upon their tax advisors under section 6664(c)(1). Taxpayers are subject to a negligence standard requiring them to use reasonable care for persons with their education and experience in choosing tax advisors and providing them with necessary tax information. Tax advisors must adhere to a standard of conduct which includes ethical, competence, and diligence standards.

Citation Details
Title: When will reliance on a tax adviser avoid an accuracy-related penalty?
Author: Robert R. Oliva
Publication:The Tax Adviser (Magazine/Journal)
Date: December 1, 1997
Publisher: American Institute of CPA's
Volume: 28 Issue: n12 Page: 772(6)

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