Tax Return Penalties Columbus OH - Columbus OH, legal attorney, Columbus OH legal help, Columbus OH legal advice, Columbus OH penalties, Columbus OH negligence, Columbus OH disregard of rules and regulations

Local Companies

Tax Xpress Computerized Tax Service
(614) 337-1500
1753 E Livingston Ave
Columbus, OH

H & R Block
(614) 861-4820
2765 S Hamilton Rd
Columbus, OH

McGregor Company
(614) 326-0900
1717 Bethel Rd
Columbus, OH

J E Wiggins & Co Income Tax Service
(614) 279-2050
45 N Wilson Rd
Columbus, OH

Diamond Tax Service
(614) 785-1099
6161 Busch Blvd Ste 111
Columbus, OH

H & R Block
(614) 258-9961
1503 E Livingston Ave
Columbus, OH

Al Cybulski Income Tax Service
(614) 261-6241
4601 N High St
Columbus, OH

Land Barbara Enrolled Agent
(614) 267-3676
4290 Indianola Ave Rear
Columbus, OH

Mefford Daniel D CPA
(614) 322-7300
800 Cross Pointe Rd
Columbus, OH

H & R Block Premium
(614) 888-1919
1395 E Dublin Granville Rd
Columbus, OH

provided by:

This penalty is really composed of two alternative penalties. The first is the negligence prong and the second is the disregard of the rules and regulations prong.

"Negligence"
"Disregard of rules & regulations"

"Negligence"

"Negligence" includes (but is not limited to) any failure:

(1) to make a reasonable attempt to comply with the internal revenue laws;
(2) to exercise ordinary and reasonable care in preparation of a tax return; or
(3) to keep adequate books and records or to substantiate items properly.

Moreover, taking a position on your return that has a reasonable basis is not negligence. The IRS will typically find negligence if a taxpayer (1) fails to include on an income tax return income reported on an information return (such as an IRS Form 1099) or (2) fails to make a reasonable attempt to ascertain the correctness of a deduction, credit, or exclusion that would seem to a reasonable person to be "too good to be true".

"Disregard of rules & regulations"

This prong may be asserted if you carelessly, recklessly or intentionally disregard IRS rules and regulations - by taking a position on your return with little or no effort to determine whether the position is correct or knowingly taking a position that is incorrect.

Adequate disclosure on your tax return is not a defense against the negligence prong of the penalty, but may be a defense against the disregard prong. However, disclosure alone is not enough - you must show that there was a reasonable basis for the position.

Featured Local Company

WTS Inc.

(513) 625-7192
2841 State Route 131
Newtonsville, OH