Tax
Jul. 13, 2022
Big IRS penalties even for non-willful violations?
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
Oops, you made a mistake on your taxes. Will the IRS let it go this time or slap a penalty on you? If there is a penalty, can you get out of paying it if you have a sympathetic story, say that you didn’t know and promise to fly right next time? Some of the answers may depend on what specific provision of the tax law you violated, how it comes to light, and more. Even how the penalty is computed will influence how much penalty leeway you may have with the IRS.
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