During the audit of Mr. and Mrs. Jessels 2012 and 2013 tax returns, the revenue agent learned
Question:
a. Compute the civil fraud penalty the IRS may impose.
b. Describe the procedural steps the IRS must take to charge the couple with criminal fraud.
c. Why might the IRS decide to impose a civil fraud penalty on Mr. and Mrs. Jessel but not charge them with criminal fraud?
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Related Book For
Principles Of Taxation For Business And Investment Planning 2016 Edition
ISBN: 9781259549250
19th Edition
Authors: Sally Jones, Shelley Rhoades Catanach
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