Mr. Leon filed his 2015 Form 1040 by the April 15, 2016, filing date. In 2018, the
Question:
a. The annual interest rate (underpayment rate) throughout the 24-month period between April 15, 2016, and the assessment date was 4 percent. Ignore the effect of interest compounding.
b. The IRS imposed a negligence penalty on the entire deficiency.
c. The IRS imposed a civil fraud penalty on the entire deficiency?
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Related Book For
Principles Of Taxation For Business And Investment Planning 2018
ISBN: 9781259713729
21st Edition
Authors: Sally Jones, Shelley C. Rhoades Catanach, Sandra R Callaghan
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