Posts Tagged ‘ tax penalties ’

James M. Peaslee: Tax Penalties and the Health-Care Bill – WSJ.com

August 26, 2009
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Under current law, taxpayers who lose an argument with the IRS can generally avoid penalties by showing they tried in good faith to comply with the tax law. In a broad range of circumstances, the health-care bill would change the law to impose strict liability penalties for income-tax underpayments, meaning that taxpayers will no...

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