Question
On his 2018 return, Oliver omitted income to the extent that his income tax was understated by $300,000. Disregarding any interest element, what is Olivers
On his 2018 return, Oliver omitted income to the extent that his income tax was understated by $300,000. Disregarding any interest element, what is Olivers penalty if the understatement was due to negligence?
a.
$60,000
b.
$30,000
c.
$50,000
d.
$15,000
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Risk Based Tax Audits Approaches And Country Experiences
Authors: Munawer Sultan Khwaja, Rajul Awasthi, Jan Loeprick
1st Edition
0821387545, 978-0821387542
