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

Local Companies

Amscot Corporation
(813) 637-6100
600 N. Westshore Blvd., #1200
Clearwater, FL

Maggi Tax Advisory & Insurance Services Inc.
(727) 799-1701
4114 Woodlands Pkwy Suite 303B
Clearwater, FL

Davenport Services
(813) 971-1006
3801 N 41st St
Tampa, FL

H & R Block
(813) 884-4248
6817 N Manhattan Ave
Tampa, FL

H & R Block
(813) 269-9625
10019 N Dale Mabry Hwy Ste 600
Tampa, FL

Kristof Dennis S Mba
(813) 987-9098
7914 George Washington Ln
Tampa, FL

J & E Multi Services Center
(813) 932-7820
7018 N Armenia Ave
Tampa, FL

Re Mudra Financial Services Inc
(813) 969-0185
10913 Mabry Hwy
Tampa, FL

H & R Block
(813) 269-9625
10019 N Mabry Da
Tampa, FL

A Tax Place
(813) 239-1040
2911 E Hillsborough Ave
Tampa, FL

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

Amscot Corporation

(813) 637-6100
600 N. Westshore Blvd., #1200
Clearwater, FL