Upon audit, the IRS determines Maria's tax liabil-ity to he $40,000. Maria agrees to pay a 47,000

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Upon audit, the IRS determines Maria's tax liabil-ity to he $40,000. Maria agrees to pay a 47,000 deficiency. Will she necessarily have to pay a sub-stantial understatement penalty? Explain.

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Federal Taxation 2020 Comprehensive

ISBN: 9780135196274

33rd Edition

Authors: Timothy J. Rupert, Kenneth E. Anderson, David S. Hulse

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Question Posted: Aug 24, 2022 02:15 AM

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Upon audit, the IRS determines Maria's tax liabil-ity to he $40,000. Maria agrees to pay a 47,000

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Federal Taxation 2020 Comprehensive

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