IRS Penalty Reform

IRS Penalty Reform PDF

Author: United States. Congress. Senate. Committee on Finance. Subcommittee on Private Retirement Plans and Oversight of the Internal Revenue Service

Publisher:

Published: 1989

Total Pages: 192

ISBN-13:

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Tax Administration

Tax Administration PDF

Author: Michael Brostek

Publisher: DIANE Publishing

Published: 2009-12

Total Pages: 25

ISBN-13: 1437918867

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Civil tax penalties are an important tool for encouraging compliance with tax laws. It is important that the IRS administers penalties properly and determines the effectiveness of penalties in encouraging compliance. In response to a congressional request, the auditor determined: (1) whether IRS is evaluating penalties in a manner that supports sound penalty administration and voluntary compliance and, if not, how IRS may be able to do so; and (2) whether IRS's guidance for a new penalty for failure to disclose reportable transactions was issued in a timely manner and was useful to affected parties, and whether and how IRS has assessed the penalty. The auditor reviewed IRS documents and guidance, and interviewed IRS officials and tax practitioners.