Baccei v. U.S.: Taxpayer Cannot Avoid Late Payment Penalty

In Baccei v. U.S. (9th Cir. Feb 16, 2011), the estate’s accountant failed to properly complete Form 4768 requesting an extension of time to pay estate tax and the IRS assessed a late payment penalty. The estate paid the penalty and sued for a refund. The estate lost in District Court and appealed to the…

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