How to Understand, Mitigate, and Defend Tax Penalties (Podcast)

Oct. 15, 2021, 12:22 PM

In September, about 17.6 million tax returns were still awaiting processing. Not to mention, the IRS anticipates receiving over 4 million more returns in October.

The delay has resulted in a lot of frustrated taxpayers, especially those grappling with error notices and being charged penalties and interest for alleged mistakes. Those penalties add up.

For the fiscal year 2020, the IRS assessed nearly $31.4 billion in civil penalties. But are those penalties fair? Are there claims or defenses that can get taxpayers out of those penalties? How can taxpayers seek accessible tax advice, and even defend tax penalty notices if necessary?

On this episode of the Taxgirl podcast, Kelly Phillips Erb talks with Andrew Gradman about the general scope of tax penalties and what taxpayers can do about them, both proactively and retroactively. Gradman is a tax lawyer in Los Angeles specializing in transactional matters. He’s the principal at the Law Office of Andrew L. Gradman. He received his BA from Stanford University, his JD from Columbia University, and his Tax LLM and Business Certificate from NYU. He is admitted to the bar in California and Nevada.

Listen to the episode here.

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