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- Title
RECOVERY OF INTEREST ON A TAX UNDERPAYMENT CAUSED BY A TAX ADVISOR'S NEGLIGENCE.
- Authors
Todres, Jacob L.
- Abstract
The article discusses the recoverability of interest received on a tax underpayment caused by the negligence of tax advisor. It says that such interest payments are present in various tax malpractice situations because U.S. state and federal laws have imposed charges on the underpayment of a tax liability. It explores three views on the recoverability of interest on a tax underpayment such as traditional view permitting recovery of interest, no-interest recovery view, and intermediate third view, as well as development and status of the views. Moreover, it concludes that the development of the views seem to be an example on how the common law evolves.
- Subjects
UNITED States; INTEREST (Finance); UNDERPAYMENT of taxes; NEGLIGENCE; TAX consulting malpractice; LEGAL liability; STATE laws; FEDERAL laws; COMMON law
- Publication
Akron Tax Journal, 2011, Vol 26, p1
- ISSN
1044-4130
- Publication type
Article