Taxpayers misled by unscrupulous advisers are still liable for 50 percent gross negligence penalties for filing a false return, Tax Court has ruled. Identical judgments came in two separate cases involving claims for fictional business losses: “No one except the most unsophisticated, ignorant, naive and gullible could believe that”.
This content is for Blacklock’s Reporter members only. Please login to view this content. (Register here.)
