Question: A tax office running an EIC maximization hustle is deliberately understating multiple clients' incomes via fraudulent Schedule C deductions. Three hundred (300) clients are pulled
A tax office running an EIC maximization hustle is deliberately understating multiple clients' incomes via fraudulent Schedule C deductions. Three hundred (300) clients are pulled by the IRS during their review and the office is found to be engaging in Section 6694( b ) violations on all of them. The average price that they collect across all returns is $ 600 . What is the maximum penalty under Section 6694( b ) that can be charged for this number of violations? ( Do not consider any penalties other than Section 6694( b ) nor any interest
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