Taxpayers considering protective refund claims pending resolution of major questions in tax cases like Moore v. U.S., which is pending before the U.S. Supreme Court, should understand how doing so may also leave them vulnerable to an excessive refund claim penalty under Internal Revenue Code Section 6676, say attorneys at McDermott.
Understanding The IRC’s Excessive Refund Claim Penalty
by usoftax_admin | May 2, 2024 | Tax News