Legal Question in Tax Law in California
Does a disablility waive penalites & interest
If a taxpayer fails to file an IRS tax return, and subsequently draws penalties & interest,-over a course of yrs...-can same be waived if the taxpayer can verify being mentally impaired because of a psychiatric disability?
Asked on 4/29/02, 10:15 pm
2 Answers from Attorneys
WILLIAM BRANDWEIN
WILLIAM A. BRANDWEIN, A PROFESSIONAL LAW CORP.
Re: Does a disablility waive penalites & interest
Generally interest can't be waived but penalties can be abated for reasonable cause. If the financials are right then an offer in compromise might be in order.
Answered on 4/30/02, 1:29 am
Joel Selik
www.SelikLaw.com
Re: Does a disablility waive penalites & interest
Yes, there are many reasons the penalties and the interest on the penalties can be abated (deleted) and the tax itself can sometimes be compromised.
www.taxworkout.com
JOEL SELIK
800-894-2889
Answered on 4/30/02, 9:47 am
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