The penalty for substantial understatement of tax liability does not apply if a. the taxpayer has substantial
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Question:
The penalty for substantial understatement of tax liability does not apply if
a. the taxpayer has substantial authority for the treatment taken on the tax return.
b. the relevant facts affecting the treatment are adequately disclosed in the return or on Form 8275.
c. the IRS failed to meet its burden of proof in showing the taxpayer’s error.
d. All of the above
e. None of the above
Related Book For
Federal Taxation 2016 Comprehensive
ISBN: 9780134104379
29th edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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