Because their failure to pay estate taxes on time was allegedly the result of their reliance on the advice of counsel, the family of the late John R.H. Thouron will have the opportunity to make their case for getting a refund of the penalty charged by the Internal Revenue Service, the Third Circuit has ruled, vacating the district court’s opinion.
The estate was charged just short of $1 million in penalties for late payment of the taxes following Thouron’s death in 2007, according to the opinion from the U.S. Court of Appeals for the Third Circuit.
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