Tax
Jan. 26, 2023
“Reasonable cause” avoids IRS penalties
Cherry-picking what you tell your tax adviser to get the answer you want to hear is not reasonable. That kind of behavior would preclude your being viewed as reasonable if you are relying on a sugar-coated answer.
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.
If you make a mistake on your taxes, you may have to pay some additional taxes and even some interest, but how about penalties? No one likes to pay penalties, and yet when the IRS sends you a tax bill, they tend to add penalties to just about everything, However, that does not always mean you have to pay them as you may be able to push back.
Taxpayers claim that IRS penalties are not warranted for many reasons. One of the biggest and most ...
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