WebCPA | Tools and Resources for the Electronic Accountant: "Feingold Measure Seeks to Step Up Tax Abuse Penalties

Washington (March 3, 2005) - Federal penalties for taxpayers accused of tax evasion, failure to file a return, or making false statements to the Internal Revenue Service could increase dramatically later this year if Congress approves legislation being pushed by Sen. Russ Feingold, D-Wis., to sweeten tax deductions for charitable volunteers. "