LO.6 LaVonn underpaid her taxes by $250,000. A portion of the underpayment was shown to be attributable
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LO.6 LaVonn underpaid her taxes by $250,000. A portion of the underpayment was shown to be attributable to LaVonn’s negligence ($200,000). A court found that a portion of that deficiency constituted civil fraud ($50,000). Compute the total fraud and negligence penalties incurred.
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Related Book For
South Western Federal Taxation 2013 Corporations Partnerships Estates And Trusts
ISBN: 9781133495574
36th Edition
Authors: William H. Hoffman, William A. Raabe, James E. Smith, David M. Maloney
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