The AICPA Tax Section has compiled a Civil Penalty Guide focusing on the more common civil penalties a traditional CPA might encounter in his or her tax practice. The Guide provides a brief, general overview of 15 civil penalties, including Internal Revenue Code section 6651(a)(1), the failure to file penalty; section 6656, the failure to deposit penalty; section 6663, the civil fraud penalty; and section 6702, the frivolous tax submissions penalty. AICPA members should understand that the Guide does not attempt to address the unique facts and circumstances that a particular taxpayer’s situation might involve; and thus, it is not a substitute for a tax professional’s independent research of the tax law as it may relate to the particular facts and circumstances of that taxpayer.
Download Civil Penalty Guide