{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Decoding the gray areas of SALT penalty standards","description":" In this episode of the SALT Shaker Podcast, SALT Counsel Jeremy Gove and Chelsea Marmor dive into the nuanced world of state and local tax penalties. They explore why penalty abatement standards, such as \u201creasonable cause\u201d and \u201cordinary care,\u201d remain ambiguous despite the frequent appearance of penalties in tax assessments. With limited statutory and case law guidance, these standards often leave taxpayers navigating uncertainty. Their discussion highlights: New York\u2019s penalty framework and how it compares to other states Practical defenses for abating penalties, including their self-coined \u201creliance plus\u201d standard The importance of contemporaneous documentation in supporting taxpayer positions Ultimately, Jeremy and Chelsea underscore the highly technical and interpretive nature of penalty imposition and abatement. For a deeper dive into this topic, read their article in Tax Notes State. This week\u2019s overrated\/underrated segment takes a seasonal turn: Is turkey really the star of Thanksgiving?  For questions or comments, email SALTonline@eversheds-sutherland.com. Subscribe to receive regular updates hosted on the SALT Shaker blog. ","author_name":"The SALT Shaker Podcast","author_url":"https:\/\/www.stateandlocaltax.com","html":"