The number of accuracy-related penalties assessed against individual taxpayers increased from 58,366 in 2005 to 554,467 in 2014. That is nearly a 1,000% increase over the past decade! Are there more bad taxpayers? Or, is the IRS just getting more aggressive about asserting penalties? Regardless of the answer, responsible tax practitioners must understand what triggers a penalty assessment and how to protect their clients and themselves against such assessments. Unfortunately, accounting and law school tax classes rarely focus on penalties, leaving practitioners to pick up the relevant standards and procedures from the trial and error of daily practice.
- Bryan C. Skarlatos, Esq, Kostelanetz & Fink LLP, New York, NY
This presentation features Megan L. Brackney as a speaker.
New York, NY
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