For each of the following situations, indicate the nature and amount of the penalty that could be
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Description of the Penalty Penalty Amount a. Larry is a tax protester and files his tax return in the name of "Mickey Mouse." e writes a check for $900 in payment of her taxes that she knows will not clear the bank due to insufficient funds in her account. c. Gerald understated his tax liability by $10,000. The total amount of tax that should have been shown on his return was $70,000
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Related Book For
Income Tax Fundamentals 2015
ISBN: 9781305177772
33rd Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill
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