Should prevailing interest rates bear on tax decision making in either or both of the following situations?
Question:
a. The taxpayer is contemplating litigation in either the Tax Court or the Court of Federal Claims.
b. An understatement of estimated tax payments is discovered late in the tax year.
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a Interest compounds on the amount due to the government in Tax Court cases unless the taxpayer ...View the full answer
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Related Book For
Federal Tax Research
ISBN: 9781285439396
10th Edition
Authors: Roby Sawyers, William Raabe, Gerald Whittenburg, Steven Gill
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