2020-03-01 Late Filing Week
Current Federal Tax Developments for the week of March 2, 2020: Late Filing Taxpayer who voluntarily exited OVDI program ended up with very poor result. Illnesses of corporate officers not found to give reasonable cause for late filing of S corporation returns. Supreme Court refuses to review Ninth Circuit ruling upholding IRS regulation that only items listed in §7502 can be used to prove timely filing. Copyright 2020, Kaplan, Inc.
