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The IRS examines the 20X5 tax return of Sam Short. His return reported tax due in the amount of $60,000. The revenue agent has
The IRS examines the 20X5 tax return of Sam Short. His return reported tax due in the amount of $60,000. The revenue agent has determined that Sam understated his tax for 20X5 by $22,000 and is proposing to assess the substantial understatement penalty. What arguments might Sam make that the IRS should not assess the penalty?
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Sam Short may present various arguments to the IRS in an attempt to avoid or mitigate the substantia...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
