For tax year 2020, the IRS assesses a deficiency against David for $500,000. Disregarding the interest component,
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For tax year 2020, the IRS assesses a deficiency against David for $500,000. Disregarding the interest component, what is David’s penalty if the deficiency is attributable to:
a. Negligence?
b. Fraud?
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Related Book For
South Western Federal Taxation 2023 Comprehensive Volume
ISBN: 9780357719688
46th Edition
Authors: Annette Nellen, Andrew D. Cuccia, Mark Persellin, James C. Young
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