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Knowing how the IRS operates, and how and why the IRS audits certain returns, is extremely important to tax practitioners. There are many tax penalties

Knowing how the IRS operates, and how and why the IRS audits certain returns, is extremely important to tax practitioners. There are many tax penalties that apply to taxpayers and tax preparers. Explain the following penalties:

Failure to File

Failure to Pay

Accuracy-Related Penalty

Fraud Penalty

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