Laws, Regulations and Annotations

Search

BTLG Table of Contents > Sales and Use Tax Annotations > I > 320.0000 Interest and Penalties > Annotation 320.0057

Sales and Use Tax Annotations

A    B    C    D    E    F    G    H    I    J    L    M    N    O    P    R    S    T    U    V    W    X   

---

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.