- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
What are the best strategies for getting an Accuracy-IRC 6662 penalty abated? This relates to travel and entertainment. I think the taxpayer acted reasonably and in good faith. I have always in the past gotten this abated , but it has rarely been asserted. The IRS has dragged this audit on for fourteen months with three different agents. Is that something the taxpayer could use?
Thanks
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
They have detailed listing of the travel and meals. Business purpose not always well documented.
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Do you think that the taxpayer acted reasonably and in good faith is the best argument?
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
"They have detailed listing of the travel and meals. Business purpose not always well documented."
Uh huh. You would have determined there is evidence that it met the qualifications.
"Do you think that the taxpayer acted reasonably and in good faith is the best argument?"
Did your taxpayer know about, "I have always in the past gotten this abated?" As in, you submit, wait to see if it flies, or has to be explained afterwards?
You stated this audit is 14 months along; given the timeframe and delay, you know the requirements for that tax year in question. Only you can determine if you filed what you filed with reasonable due diligence.
"Level Up" is a gaming function, not a real life function.