Unreported Income - Fraudulent Failure to File Tax Returns
Feb.25, 2008 in
Taxes
In order to avoid the 75% penalty for fraudulent failure to file tax returns the tax payer must establish:
1) The delinquent filing is due to reasonable cause.
2) The delinquent filing is not due to willful neglect.
If both elements are established the failure to file penalty does not apply.
To establish […]
