Regulation & law · 04/10/2007

Cancellation of Public Hearing on Proposed Regulations for Suspension of Interest, Penalties, and Other Tax Liabilities

The IRS has cancelled a public hearing on proposed regulations for suspending interest, penalties, and other tax liabilities under Section 6404(g) of the Internal Revenue Code, which explains general rules and exceptions for suspension. The proposed regulations were intended to clarify the suspension provisions.