Level 3

Accuracy- IRS 6662 Penalty

Forum|Forum|4 years ago
June 8, 2022
2 replies
15 views

What are the best strategies for getting an Accuracy-IRC 6662 penalty abated? This relates to travel and entertainment. I think the taxpayer acted reasonably and in good faith. I have always in the past gotten this abated , but it has rarely been asserted. The IRS has dragged this audit on for fourteen months with three different agents. Is that something the taxpayer could use?

Thanks

This topic has been closed for replies.

sjrcpa

Level 15

Maybe.

Why is IRS disallowing the deductions?

How did your client act reasonably and in good faith?

The more I know the more I don’t know.

R

rcarmarkcpaAuthor

Level 3

They have detailed listing of the travel and meals. Business purpose not always well documented.

BobKamman

Level 15

Abatement is not the right word, but you can challenge the assessment if when it was first proposed, the auditor did not have written supervisory approval.

R

rcarmarkcpaAuthor

Level 3

Do you think that the taxpayer acted reasonably and in good faith is the best argument?

IRonMaN

Level 15

It sounds like that is the only one you have and from where we are sitting, we can't determine whether they really acted reasonably and in good faith.

Slava Ukraini!

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