The IRS audits Tan's individual return for the current year and assesses a $9,000 deficiency, $2,800 of

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The IRS audits Tan's individual return for the current year and assesses a $9,000 deficiency, $2,800 of which results from Tan's negligence. What is the amount of Tan's negligence penalty? Does the penalty bear interest?

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Federal Taxation 2017 Comprehensive

ISBN: 9780134421438

30th Edition

Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson

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Question Posted: Sep 05, 2016 10:21 AM

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The IRS audits Tan's individual return for the current year and assesses a $9,000 deficiency, $2,800 of

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Federal Taxation 2017 Comprehensive

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