IRS Reissues Small Business and Self-Employment Return Preparer Penalty Procedures

The IRS has re-issued interim guidance memorandum SBSE-04-0509-009 under SBSE-04-1010-044 clarifying its applicability for all estate tax attorneys and paraprofessionals.  The guidance addresses return preparer penalty procedures for estate and gift tax preparer penalty cases.

Posted by James G. Haskell, Senior Associate Editor, Wealth Strategies Journal.