Courts Can't Reduce Late Filing Penalties

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Dr. Caligari
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Courts Can't Reduce Late Filing Penalties

Postby Dr. Caligari » Wed Mar 17, 2010 9:32 pm

The Ninth Circuit today held that the courts have no discretion to reduce the amount of the penalty under IRC 6652(c) for late filing of informational returns by exempt organizations. Either the organization shows reasonable cause, in which case the penalty is abated completely, or it pays the full amount set forth in the statute.

There is a link to the decision in this blog post:

http://calapp.blogspot.com/2010/03/sieu-v-us-9th-cir-march-17-2010.html
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