Courts Can't Reduce Late Filing Penalties

Practical and Practice issues for Professionals who practice in the area of taxation. Moral, social and economic issues relating to taxes, including international issues, the U.S. Internal Revenue Code, state tax issues, etc. Not for "tax protestor" issues, which should be posted in the "tax protestor" forum above. The advice or opinion given herein should not be relied on for any purpose whatsoever. Also examines cookie-cutter deals that have no economic substance but exist only to generate losses, as marketed by everybody from solo practitioner tax lawyers to the major accounting firms.
User avatar
Dr. Caligari
J.D., Miskatonic University School of Crickets
Posts: 1534
Joined: Fri Jul 25, 2003 11:02 pm
Location: Southern California

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:
Dr. Caligari
(Du musst Caligari werden!)

Return to “Tax Practice & Policy and Tax Shelters”

Who is online

Users browsing this forum: Common Crawl [Bot] and 0 guests