New 6694 penalty uploaded

The home page for this blog, www.section6694penalty.com, has an upload of an article published by the Enrolled Agent Journal called "The Devil is in the Details."

It should be read because it outlines the new paradigm caused by the draconian penalties under 6694 and the extreme difficulty for return preparaers to provide technical support for positions taken in tax returns. If you want a "reality check," read that article.

I suggest you download the article and pass it on to associates in the return preparation industry.

Although there is a large and growing following of this Blog and ongoing growth in those who log onto this web page, the questions have come into ab@irstaxattorney.com. It would be better to raise questions in reply to any of the blogs. It is perfectly fine to disagree with any statement or interpretation of the proposed regulations. Opposing analysis is welcome.

As it is, there are many interpretative issues that pertain to section 6694.


For those who have requested seminars, continue to send them to ab@irstaxattorney.com