Courts Can't Reduce Late Filing Penalties

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Dr. Caligari
J.D., Miskatonic University School of Crickets
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Courts Can't Reduce Late Filing Penalties

Post by Dr. Caligari »

The Ninth Circuit today held that the courts have no discretion to reduce the amount of the penalty under IRC 6652(c) for late filing of informational returns by exempt organizations. Either the organization shows reasonable cause, in which case the penalty is abated completely, or it pays the full amount set forth in the statute.

There is a link to the decision in this blog post:

http://calapp.blogspot.com/2010/03/sieu ... -2010.html
Dr. Caligari
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