Update on New Court-Approved Way to Defeat IRS Penalties

You and I have something in common.

We both hate getting hit with tax penalties.

That’s why we should be grateful that the most recent court cases dealing with Section 6751(b) of the tax code have given us a powerful weapon against IRS penalties.

Want to learn more about how to put these new rulings to work for you?

Read my new article title Tax Tips: Update on New Court-Approved Way to Defeat IRS Penalties.

Three ways our fact-filled article can help you:

1. You will find a quick Section 6751(b) overview. Code Section 6751(b) says that the IRS can’t assess a penalty unless an IRS supervisor or higher-level official designated by the Treasury Secretary personally approves the initial determination in writing. If the IRS doesn’t follow this requirement, then the IRS penalty is faulty and you can have it abated. We’ll give you all the good news when you read the full article.
2. You will celebrate James Clay and Audrey Osceola’s big court win. We’ll spare you the details of this important case and just tell you what the court findings mean to you. For starters, you can challenge penalties using tax code Section 6751(b) pre-assessment in the IRS Appeals Office. What’s more, you have greater odds that the IRS could make a mistake because approval is necessary early in the audit communication when the IRS mentions penalties. For full details, read the full article.
3. We’ll tell you Rule #1 when dealing with tax code Section 6751(b). Our advice? Don’t just accept that the IRS followed its own procedures. These days there are fewer IRS staff and smaller budgets so it’s absolutely possible the required approval is missing. Don’t overlook the possibility of using Section 6751(b) to eliminate IRS penalties. You’ll get the whole story when you read the full article.