Category Archives: IRS Accuracy-Related Penalties

Imposition of IRS Accuracy Related Penalties

Posted on March 15, 2010 by David L. Silverman, J.D., LL.M. (Taxation)

The enactment of the Revenue Reconciliation Act of 1993 has made it significantly easier for the IRS to impose accuracy-related penalties against taxpayers. The penalty for substantial understatement of income tax is one of five accuracy-related penalties found in the … Continue reading →

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