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Tag: IRS Penalties

Court: Complex Tax + Professional Advice = No Tax Penalty

We know that we can take steps to minimize our taxes. Our tax laws allow for this and, on review, the courts have made this clear. Tax penalties are usually the problem with taking tax positions in situations that are not entirely clear. Taxpayers who find themselves having to make decisions in these gray areas……

Continue reading Court: Complex Tax + Professional Advice = No Tax Penalty
Published October 22, 2022

The Injunction for Tax Return Preparers

The government often has a myriad of remedies available to it. There are common situations in which the government does not have a consistent and thoughtful process for organizing how and when it will pursue the various remedies. This ad hoc method often results in outcomes that are not tailored to achieve the government’s aims……

Continue reading The Injunction for Tax Return Preparers
Published May 21, 2022

Bookkeeper Liable for Trust Fund Recovery Penalty

IRS employees are tasked with making decisions. These decisions dictate who owes taxes and penalties and who does not. These decisions are usually made in the context of well trodden areas and by employees who make the same type of decisions over and over. This is due to the volume of disputes that are created……

Continue reading Bookkeeper Liable for Trust Fund Recovery Penalty
Published March 5, 2022

IRS Says Congress’ Penalty Relief Not Available

To be viable, businesses have to pay for their operations and, after-tax, produce a profit or return. The tax burden can make it very difficult to produce a profit. This is particularly true when sales taxes and payroll taxes are considered. The sales tax is imposed on the transfer of property (and in some states……

Continue reading IRS Says Congress’ Penalty Relief Not Available
Published November 7, 2021
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