When there is fraud on a return, the IRS charges a penalty of ________ on any portion

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When there is fraud on a return, the IRS charges a penalty of ________ on any portion of understatement of tax that is attributable to the fraud.

a. 20%.

b. 25%.

c. 75%.

d. 100%.

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Fundamentals Of Taxation 2018

ISBN: 9781259713736

11th Edition

Authors: Ana M. Cruz Dr., Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler

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Question Posted: Nov 19, 2018 11:55 AM

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When there is fraud on a return, the IRS charges a penalty of ________ on any portion

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Fundamentals Of Taxation 2018

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