TaxMamas TaxQuips: Tax Quips

TaxMamas TaxQuips: Tax Quips


Penalties are not Taxes

October 12, 2009

Today TaxMama hears from Mike in North Carolina who just won – nothing. “ I recently got the penalties for a 1999 tax return abated. The IRS claims that any penalties over two years old are not refundable and referred to IRS publication 556. I contend