Question
Question Content Area Concerning the penalty for civil tax fraud: a.The burden of proof is on the taxpayer to establish that no fraud was committed.
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Question Content Area
Concerning the penalty for civil tax fraud:a.The burden of proof is on the taxpayer to establish that no fraud was committed.
b.The penalty is 100% of the underpayment.
c.Fraud is defined in Code 6663(b) and (f).
d.Fraudulent behavior is more than mere negligence on the part of the taxpayer.
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Principles Of Financial Accounting
Authors: Jerry J. Weygandt, Lorena Mitrione, Michaela Rankin, Keryn Chalmers, Paul D. Kimmel
3rd Edition
0730302296, 978-0730302292
