During 2017, the IRS assessed more than 39 million civil penalties totaling $26.5 billion. Many tax practitioners are familiar with the 20% negligence and substantial understatement of income tax accuracy-related penalties, but few tax practitioners have encountered the increasingly common situations where accuracy-related penalties are imposed at a rate of 30% or 40%.
This webinar will cover penalties commonly imposed at rates above 20%, including penalties for undisclosed foreign financial asset understatements, gross valuation misstatements, and reportable transaction understatements. This webinar is a must-attend for all practitioners.
McCarter & English, LLP
Attorney
[email protected]
9736392081
Lawrence (“Larry”) Sannicandro is an associate in the Tax, Employee Benefits & Private Clients Practice Group who concentrates his practice on tax controversy and tax planning matters. He represents businesses, estates, trusts, and individuals at all stages of tax controversies, including in audits, before the IRS Office of Appeals, and in litigation before the United States Tax Court, the U.S. Court of Federal Claims, the U.S. District Courts, and the U.S. Courts of Appeals.