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.

Direct download: 2021-09-20_Reasonable_Cause_to_Avoid_Negligence_Penalty.mp3
Category:general -- posted at: 4:40pm EST



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