by David J. Warner | Nov 15, 2022 | Audit, Internal Revenue Service, Offshore Income
Holtz, Slavett & Drabkin tax attorneys, principals, and shareholders Igor S. Drabkin and David J. Warner will be co-presenting a Federal Bar Association webinar entitled “Types of IRS Tax Penalties and the Penalty Abatement Process: What attorneys should know” on... 
by Richard Gano | Sep 21, 2022 | COVID-19, Internal Revenue Service
Richard Gano recently published an article for Bloomberg Tax entitled “Taxpayers Must Act Quickly on Relief for Late Filing Penalties.” In this article, Richard analyzes IRS Notice 2022-36, in which the IRS provides relief to most people and businesses who file... 
by David J. Warner | Jun 22, 2022 | FBAR, Internal Revenue Service, Offshore Income
On June 21, 2022, the U.S. Supreme Court decided to review (that is, granted certiorari) in the case of Bittner v. United States. This case centers around the report of foreign bank and financial accounts (FBAR) and penalties for not timely filing the FBAR form. The... 
by Michele Weiss | Nov 9, 2018 | Internal Revenue Service, Tax Collection
The IRS penalizes taxpayers for failing to timely file their federal income tax returns or for failing to timely pay their federal income taxes, pursuant to IRC Secs. 6651(a)(1) and 6651(a)(2), respectively. Tax returns for partnerships and S Corps are due on March...