Article Archives >> Lead Stories >> April 1-15, 2010
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Court Can’t Reduce Penalties
On Nonprofits Filing Late Tax Returns
Tax Code gives courts no discretion
to override amounts set by statutory formulas
The 9th Circuit Court of Appeals has held that a trial court has no authority to reduce the penalties imposed by the Internal Revenue Service upon nonprofit organizations for filing their Form 990 tax information returns late. It has reversed a federal District Court decision granting a 75% reduction in the penalties assessed against the Service Employees International Union and a subsidiary. (Service Employees International Union v. U.S., No. 08-16105, 3/17/10.)
Article Archives >> Lead Stories >> April 1-15, 2010
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