For tax year 2011, the IRS assesses a deficiency against David for $500,000. Disregarding the interest component,

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For tax year 2011, the IRS assesses a deficiency against David for $500,000. Disregarding the interest component, what is David's penalty if the deficiency is attributable to:
a. Negligence?
b. Fraud?

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South Western Federal Taxation 2015

ISBN: 9781305310810

38th Edition

Authors: William H. Hoffman, William A. Raabe, David M. Maloney, James C. Young

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Question Posted: Dec 22, 2016 01:01 AM

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For tax year 2011, the IRS assesses a deficiency against David for $500,000. Disregarding the interest component,

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South Western Federal Taxation 2015

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