Tax Law News and Insights

The Internal Revenue Service (IRS) has proposed regulations to clarify the rules regarding supervisory approval of federal civil tax penalties under IRC Section 6751(b). Since Chai v. Commissioner, there has been a substantial number of cases litigating issues involving supervisory approval of federal civil tax penalties. Back in September, we posted about the...

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Harrington v. Commissioner In Harrington v. Commissioner of Internal Revenue, George S. Harrington (Harrington) challenged tax deficiencies and fraud penalties assessed for tax years 2005 through 2010. The Internal Revenue Service (IRS) opened an examination into Harrington's tax returns after the U.S. Department of Justice (DOJ) and a multinational finance company...

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he US Senate has confirmed Daniel Werfel as the next commissioner of the Internal Revenue Service (IRS). The Senate voted 54-42, achieving bipartisan support for the nominee. Undoubtedly on top of Werfel's priority list will be how to deploy the agency's $80 billion in new funding provided by the Inflation Reduction Act...

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