The IRS just won a levy case.
The company was ignoring an IRS levy on the wages of an employee which is never a good idea. The employer that did so is liable for the worker’s overdue income taxes, a court says, along with a 50% penalty.
The mental breakdown of the firm’s CFO isn’t enough to establish reasonable cause to waive the penalty. Because others were able to deal with the issue within the company.
(Heli USA Airways, D.C., Nev.).