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Money and Finances
Reply to "IRS penalty- Settle or proceed to litigation? "
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[quote=Anonymous]It sounds like you agree you screwed up but think you should get a pass because it was inadvertent and a first time mistake. I think that would probably be fair in your case but I really wonder if the time for that is before the IRS. I don’t think it’s up to the Tax Court to say “gee this seems like a big penalty for someone’s inadvertent mistake”— it’s their job to apply the law. So I am a little sceptical of your tax attorney’s assessment, although maybe they have more money on the line than I do or you’ve left something out. [/quote]
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