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Juan, a natural person, failed to include information on his return disclosing his participation in a listed transaction. Since Juan had substantial losses from his
Juan, a natural person, failed to include information on his return disclosing his participation in a listed transaction. Since Juan had substantial losses from his business, there is no understatement in tax from the listed transaction. How much is Juan's section 6707A penalty?
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According to Section 6707A of the Internal Revenue Code IRC the penalty applies only if theres an un...
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Managing Business Ethics Making Ethical Decisions
Authors: Alfred A. Marcus, Timothy J. Hargrave
1st Edition
1506388590, 978-1506388595
