Friday
Feb182011
Forbes: The Tax Lawyer-Relying On Tax Advisers May Not Prevent Penalties
Friday, February 18, 2011 at 01:25PM When you take tax positions that are challenged, the IRS usually adds penalties and interest to your tax bill. Interest generally can't be waived, but "I relied on my tax adviser" can be a potent defense to penalties. Unfortunately, claiming you relied on your tax lawyer or accountant doesn't always work, as a recent Tax Court case reveals.





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