As the budget crisis has unfolded, the tax community has been predicting that the IRS would get aggressive about imposing penalties in order to raise more revenue. And we are starting to see just that happen. The IRS has...more
In the recent opinion of Estate of John R.H. Thouron v. U.S. (DC PA 11/7/2012), the district court reminded fiduciaries that they remain responsible for filing returns and paying taxes despite getting bad advice from legal...more