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article from The Tax Adviser,
published by
American Institute of CPA's on May 1, 1993. The length of the
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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 DetailsTitle: 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)
Distributed by Thomson Gale.
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