Tax Penalties and Interest, 2011-2012 ed.

A workbook source on how the Internal Revenue Service (IRS) examines, computes, and imposes tax penalties. Includes a complete examination of the Improved Penalty Administration Compliance Act (IMPACT), the Revenue Reconciliation Act of 1990, and regulations issued in December 1991. Contains comprehensive analysis and interpretation of civil tax penalties; examples and computations to clarify how penalties are calculated; and strategies for contesting, reducing, and avoiding penalties. Other topics include electronic filer status accuracy penalties; preparer penalties; cash or currency reporting penalties; the Bank Secrecy Act; recording and record keeping for foreign entities; and the Trust Fund Recovery Penalty (100% Penalty).