Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2014
 

Sales and Use Tax Annotations


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I

320.0000 INTEREST AND PENALTIES—Regulation 1703

Annotation 320.0057

320.0057 Excusability of Interest. Generally, a taxpayer may not be excused from payment of interest. The two statutory exceptions which would excuse the payment of interest on a tax liability are (1) if the liability was a result of a "disaster" as defined in Regulation 1703(b)(6) or section 6593, or (2) if the taxpayer relied on written advice from the Board. (Section 6596.) 2/11/88.