Tax Podcast: Reasonable Cause to Avoid Negligence Penalty

September 20, 2021

Stay up to date on federal tax developments with this weekly tax podcast by Ed Zollars, CPA-AZ.

This week's topics:

  • Ways and Means Committee finishes markup of proposed new tax bill
  • Language of legal settlement made all of the settlement amount taxable to taxpayer regardless of the fact that payor likely had other reasons to settle
  • Taxpayer had reasonable basis to rely upon prior case settlement even though Court found opposite results this time

Federal Tax Development Update - 9/20/21

 

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