3 Questions
True or false: The taxpayer's late filing and late payment penalties were upheld in the Tax Court bench opinion?
True
True or false: The Court noted that abatement of the penalties should only apply in cases of total or near total incapacity?
True
True or false: The taxpayer's health issues and divorce-related stress were considered valid reasons for abating the penalties?
False
Tax Court Bench Opinion on Wakefield v. Comm’r: Upholding Late Filing and Payment Penalties despite Health Issues and Divorce Stress. Find out why the Court determined that penalties cannot be abated unless there is total or near total incapacity.
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