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On his 2019 income tax return, Andrew omitted income and overstated deductions to the extent that his income tax was understated by $500,000. Disregarding any
- On his 2019 income tax return, Andrew omitted income and overstated deductions to the extent that his income tax was understated by $500,000. Disregarding any interest element, what is Andrews penalty if the understatement was due to:
a. Negligence.
b. Civil fraud.
c. Criminal fraud.
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