Luis, a bachelor, owes $56,000 of additional taxes, all due to fraud. a. What is the amount

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Luis, a bachelor, owes $56,000 of additional taxes, all due to fraud.
a. What is the amount of Luis’ civil fraud penalty?
b. What criminal fraud penalty might the government impose on Luis under Sec. 7201?

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Federal Taxation 2016 Comprehensive

ISBN: 9780134104379

29th Edition

Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson

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Question Posted: Dec 11, 2015 02:53 AM

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Luis, a bachelor, owes $56,000 of additional taxes, all due to fraud. a. What is the amount

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a The civil fraud penalty is 42000 0...View the full answer

Federal Taxation 2016 Comprehensive

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