Newsletter
December 2009 -
Abatement of Penalties for Reasonable Cause: Best Practices
Topic Description: Every state imposes penalties for the failure to file tax or information returns or to pay taxes within the time proscribed by statute. In most instances, however, a state will abate imposed penalties if the taxpayer can demonstrate reasonable cause for the noncompliance. With many states facing historical fiscal deficits and the need for additional revenues, the issue of tax penalties and the abatement of such penalties for reasonable cause have become increasingly relevant.
Authors: David P. Dorner
Document:
click here for document
|
Download Acrobat
