Category: Tax Penalty
The IRS assesses billions in penalties every year, and many can be reduced or removed. These articles explain first-time abatement, reasonable cause, and how our Dallas tax attorneys fight unfair penalties.
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When Can the IRS Impose a Tax Penalty You Cannot Defend?
Taxpayers who get into a dispute with the IRS often assume that good faith will protect them. They relied on professionals. They read the materials. They believed the deduction was allowed at the time. So even if the deduction is later denied, they expect the penalty to go away because they were not careless and…
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Avoiding Penalties: Choosing a Reliable Tax Return Preparer
With the tax season around the corner, a significant number of taxpayers are seeking the services of tax return preparers. This often involves choosing a preparer who has been recommended by friends and family members. Tax return preparers may be referred based not on their qualifications, but on their reputation for generating large refunds for…
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Appraiser’s Assistant Not Subject to Penalty for Inflated Appraisal
The IRS has attempted to expand its regulatory power by regulating those who prepare or assist in preparing tax returns. The courts have stifled these efforts. The recent United States v. Zak, No. 1:18-cv-05774 (N.D. Ga. 2019) case provides an example where the IRS attempted to regulate the conduct of those who merely assist a…