An IRS supervisor can approve penalties anytime before the agency assesses them, as well as before it issues a preassessment notice subject to a U.S. Tax Court review, such as a deficiency notice, under final regulations that aim to clarify conflicting court interpretations on the civil fines.
IRS Finalizes Regs Clarifying Supervisor Penalty Approval
by usoftax_admin | Dec 23, 2024 | Tax News