Question: Should prevailing interest rates bear on tax decision making in either or both of the following situations? a. The taxpayer is contemplating litigation in either
Should prevailing interest rates bear on tax decision making in either or both of the following situations?
a. The taxpayer is contemplating litigation in either the Tax Court or the Court of Federal Claims.
b. An understatement of estimated tax payments is discovered late in the tax year.
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a Interest compounds on the amount due to the government in Tax Court cases unless the taxpayer ... View full answer
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