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An accuracy - related penalty applies to the portion of tax underpayment attributable to I. Negligence or a disregard of the tax rules or regulations.
An accuracyrelated penalty applies to the portion of tax underpayment attributable to
I. Negligence or a disregard of the tax rules or regulations. II Any substantial understatement of income tax.
Question options:
Both I and II
I only.
II only.
Neither I nor II
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