CCA 201202026
Reasonable Cause Exception
ID: CCA_2011122108424964 Number: 201202026
Release Date: 1/13/2012
Office: ---
UILC: 6664.03-00
From: ---
Sent: Wednesday, December 21, 2011 8:42:51 AM
To: ---
Cc:
Subject: FW: 6662(h) penalty post-Aug 17, 2006
So long as it is charitable deduction property, I agree that there is no reasonable cause/good faith exception with respect to the 40% gross valuation penalty.
I wouldn't have a lot to say about the penalty, but I could talk about it just a little.
Source: view the official PDF
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