Tax penalties

The House approved two pieces of legislation to keep IRS agents from levying fines and penalties without supervisory approval, and to strengthen taxpayer rights in proceedings before the Tax Court.

Understanding the authority, eligibility criteria and automation advantages of the program will be essential for firms representing clients before the IRS.

The Internal Revenue Service has hit taxpayers with over $162 million in penalties for claiming fraudulent tax credits touted on social media.

The Internal Revenue Service issued a notice giving some breathing room to those involved with micro-captive insurance companies.

Saving Social Security; sued over an address; more 5471 opinions; and other highlights from our favorite tax bloggers.

AI is your friend; hope from Moore; the risks; and other highlights from our favorite tax bloggers.

The Tax Court approach in a recent case may produce a split among the circuit courts, and the Supreme Court may take a case to resolve the split.

Wolters Kluwer launched a Regulatory Violations Intelligence Index tracking penalties against U.S. financial services institutions.

The Internal Revenue Service is waiving penalties to companies that fail to pay their estimated taxes for the first quarter for the corporate alternative minimum tax.

With the IRS continuing to launch promoter audits, it is important that anyone subject to such an audit consider a few strategic issues.

The crackdown on the potentially listed transactions could bring stiff penalties to both clients and tax advisors.

The IRS is providing penalty relief to billion-dollar corporations that haven't paid estimated taxes related to the new 15% corporate alternative tax.

The high court handed down rulings in FBAR penalty and state escheat cases.

What are the consequences for the service provider and client? And what is the protocol for fixing those types of mishaps?

The 19 million taxpayers who filed for extensions have until Oct. 17 to file.

A group of Republicans on Congress' main tax committees sent a letter to the Internal Revenue Service and the Treasury, backing a request from the AICPA.

The tax agency will automatically issue the refunds or credits for most of the fees by the end of September.

The service is providing relief to most individual and business taxpayers who filed their 2019 or 2020 returns late due to the pandemic.

Lower courts have disagreed whether non-willful failure-to-disclose penalties are on per-account or a per-form basis.

The American Institute of CPAs is firing back after a congressional hearing, asking for penalty relief for taxpayers dealing with the pandemic.