Procrastination Cost Taxpayer $120,627 Background Kristin Intress and Patrick Steffen (taxpayers) were a married couple who filed a joint return for the 2014 tax year. Taxpayers were … [Read more...] about Tax Preparer Fails to File Extension To File Request and Taxpayer is Assessed $120,607 Penalty – Court Denies Abatement of Penalty
Archives for November 2019
IRS Reconstructs Income for Taxpayer Who Failed to File Tax Returns for Five Years
Lack of Adequate Records by Taxpayer Not a Deterrent to Preventing IRS from Reconstructing Taxable Income Background Francis Steffan Hayes [T.C. Memo 2019-147] failed to file his tax returns … [Read more...] about IRS Reconstructs Income for Taxpayer Who Failed to File Tax Returns for Five Years
PA Updates Its Corporate Income Tax Nexus Standard
PA Adopts Wayfair Nexus Decision that Physical Presence is Not Needed for PA to Tax Out-of-State Corporations that Receive an Economic Benefit from Their PA Marketplace Presence Physically … [Read more...] about PA Updates Its Corporate Income Tax Nexus Standard
