Incorrect Expert Advice About Estate Return Filing Deadline Does Not Excuse Penalty

An executor who relied on his accountant?s mistaken advice that he had obtained a one-year extension of the filing due date for Form 706 was nonetheless liable for a large late-filing penalty.

Source: http://feedproxy.google.com/~r/AICPA_TaxAdvisor/~3/nG0duBPIui8/20130408.aspx

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