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Taxation & Estate Planning
: TaxProf BlogTIGTA: IRS Fails to Properly Consider Accuracy-Related Penalties in 92% of Audits
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The Treasury Inspector General for Tax Administration yesterday released Accuracy-Related Penalties Are Seldom Considered Properly During Correspondence Audits (2010-30-059): The IRS must take additional steps to ensure that accuracy-related penalties are appropriately considered when assessing correspondence audits. ... A TIGTA review of 229 correspondence audits closed in Fiscal Year 2008...Full post as published by TaxProf Blog on July 23, 2010 (boomark / email).
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