Abatement of interest final regs.

• Jurisdiction: United States
• Date: 01 April 1999
• Author: Hayes, Paul

Under the Taxpayer Bill of Rights 2, interest on tax deficiencies or late payments can be abated due to unreasonable IRS errors or delays attributable to managerial or ministerial acts. A managerial act is defined as an administrative act involving the temporary or permanent loss of taxpayer records or matters of judgment or discretion relating to personnel management; a ministerial act is a procedural or mechanical act not involving the exercise of judgment or discretion.

For abating...