U.S. IRS Practice Unit on Erroneous Claim for Refund or Credit Penalty
The U.S. IRS has published a practice unit, Erroneous Claim for Refund or Credit Penalty. The process overview of the practice unit includes the following:
Congress enacted IRC 6676 to allow penalties for erroneous tax refund or tax credit claims. The penalty may be imposed on a taxpayer filing an original return, an amended return, a claim, or any other form or writing that contends the taxp…
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