News

 Stay up to date on what's happening!

Tax Podcast: Reasonable Cause to Avoid Negligence Penalty

  • September 20, 2021

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 Continue Reading