Search

Home > Federal Tax Update Podcast > 2021-09-20 Reasonable Cause to Avoid Negligence Penalty
Podcast: Federal Tax Update Podcast
Episode:

2021-09-20 Reasonable Cause to Avoid Negligence Penalty
Category: Business
Duration: 00:38:28
Publish Date: 2021-09-19 20:40:13
Description:

This week we look at:

  • 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

Copyright 2021, Kaplan, Inc.
Total Play: 0