Discussion:HR 6049
From TaxAlmanac, A Free Online Resource
Note: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.
From TaxAlmanac
Discussion Forum Index --> Basic Tax Questions --> HR 6049
Discussion Forum Index --> Tax Questions --> HR 6049
| 25 September 2008 | |
| From Title III of the Bill passed by the Senate 9/23. AMT patch and extenders are included among other things.
"Subtitle C: Modification of Penalty on Understatement of Taxpayer's Liability by Tax Return Preparer - (Sec. 321) Modifies the standards for imposing penalties on tax return preparers for understatements of tax to require: (1) substantial authority for a position with respect to an item on a tax return if such position was not disclosed with the return; and (2) a reasonable basis for a position that was disclosed with the return." | |
To join in on this discussion, you must first
log in.
