Tax Law

Recent Posts

'They're Charging Me with a Crime?' - Failures to Pay Over Employment Taxes are Increasingly the Subject of Criminal Charges, from GreenbergTraurig
Posted on 12 Oct 2011 by GreenbergTraurig

Failures by a responsible person to pay over federal employment taxes 1 formerly were handled almost exclusively through the imposition of penalties under sections 6672 and 3505 of the Internal Revenue Code - strictly as matters of civil liability. Increasingly... Read More

Sutherland Legal Alert: IRS Issues Final Regulations on Penalties for Reportable Transactions
Posted on 19 Sep 2011 by Sutherland Asbill & Brennan LLP

By Mark Smith and Joanna Myers The Internal Revenue Service (IRS) issued final regulations under Code § 6707A regarding the penalty for the failure to report on Form 8886 "reportable transactions" and "listed transactions," including... Read More

North Carolina Court Strikes Down 25% Penalty for Failure to File Combined Return
Posted on 28 Jan 2011 by Eversheds Sutherland LLP

By Eric S. Tresh and David A. Pope On January 12, 2011, the North Carolina Superior Court held that the imposition of a 25% penalty for failure to file a combined return, lacked adequate procedural due process and violated the North Carolina Constitution... Read More