Prof. Caleb Smith Published in Tax Notes Federal Discussing IRS Section Code 6751

Professor Caleb Smith was published in Tax Notes Federal discussing IRS section 6751, which provides a penalty for failure to file correct information returns, and uses it as a case study for some common issues that taxpayers might face. Prof. Smith wrote, “It is important to remember that the IRS did not create the problems of section 6751. Perhaps the biggest reason that section 6751 fails to protect low-moderate income (henceforth referred to as ‘normal’) taxpayers is because Congress wasn't focused on normal taxpayers when the statute was enacted.”