The ruling hinges on the corporation and trust being treated as a single entity and meeting other requirements under Regs.

Sec. 6752(1)(b) was satisfied by an IRS supervisor’s timely signed approval of penalties against the taxpayer, without any “meaningful review” or “reasoned decision-making,” the Tax Court held.

Tax-related identity theft remains widespread and a potentially serious problem for victims, for whom authorized representatives can provide vital help.

Are political donations tax deductible? Find out what the IRS allows, plus where state-level exceptions may apply. Read on ...