FICPA Podcasts

Federal Tax Update: Reasonable Cause to Avoid Negligence Penalty

September 20, 2021


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

Podbean App

Play this podcast on Podbean App