Bloomberg BNA Tax & Accounting's unparalleled analysis of penalties relating to federal tax transactions gives you a more in-depth understanding of existing and forthcoming policies and developments. Practitioners will find in-depth interpretations along with practical approaches based on real-world scenarios. Our products offer comprehensive coverage of every major federal tax aspect of penalties, including civil tax penalties, such as failure to file and failure to pay; fraud; reasonable cause exception; deductibility of fines and similar penalties under Section 162(f); and more. Also included are practice tools, client letters, source documents, and sample forms to fully equip you to deal with any transaction.