IRS Seeks Further Fines
There are times when the IRS loses in court; it declares that it won’t follow the court’s pronouncement. Because of the reason that the IRS operates all over the country and that a majority of courts have limitations with regards to jurisdiction, the IRS has the option to continue its fight for its cause anywhere. This occurred when the Ninth Circuit Court of Appeals decided it would not execute a 40% fine on the taxpayer Keller v. Commissioner. The IRS had required a different 40% gross estimate penalty, but the court did not agree. Generally, a 20% fine pertains to tax underpayments attributable to a considerable assessment misstatement.
Excerpt:
“That may sound like the height of hubris. But since the IRS operates nationwide and most courts have limited jurisdiction, the IRS can choose to keep fighting elsewhere, even if the court decision is binding in one place.”
Original article can be found at:
http://www.forbes.com/sites/robertwood/2011/10/17/irs-wants-more-penalties/
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