Proposed Tax Return Preparer Penalty Regulations: A Comparison with Existing Guidance

Mitchell M. Gans (Steven A. Horowitz Distinguished Professor of Tax Law, Hofstra), Jonathan G. Blattmachr (Partner; Milbank, Tweed, Hadley & McCloy LLP), and Elisabeth Madden (Asscociate; Milbank, Tweed, Hadley & McCloy LLP) have written an article entitled Proposed Tax Return Preparer Penalty Regulations: A Comparison with Existing Guidance, 34 ACTEC 77 (Fall 2008).

Here is a summary of the article:

This article considers newly issued proposed regulations under section 6694 of the Internal Revenue Code, which imposes tax return preparer penalties. The article discusses new rules and differences from existing authority concerning such matters as multiple preparers of a return and non-income tax returns. The article also points out uncertainties which could be addressed in the final regulations.