What is the IRS penalty for fraud-related filing issues? A. 5% per month or part thereof...
What is the IRS penalty for fraud-related filing issues?
A. 5% per month or part thereof to 25% maximum.
B. 0.5% per month or part thereof to 25% maximum.
C. 20% of underpayment to 30%*.
D. 15% per month up to 75% of underpayment.
Homework Answers
ANSWER:
OPTION D: 15% per month up to 75% of underpayment.
EXPLANATION:
As per IRC Section 6651(f), if any failure to file has found to be fraudulent, then aforesaid penalty is attracted
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part A: What percentage of the states consumed more than 392.1 million BTUs per capita? Select...
part A: What
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Select one:
a. 50%
b. 75%
c. 15%
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part B: What percentage of the states consumed
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a. 50%
b. 75%
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part C: What is the IQR?
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The assumptions are that the IRS rate is
5%, interest calculations are based on 365 days a year and the 2018
tax filed is accurate
The options for the boxes are penalty for fraud, accuracy
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late payment : failure to pay penalty
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part A: What
percentage of the states consumed more than 392.1 million BTUs per
capita?
Select one:
a. 50%
b. 75%
c. 15%
d. 30%
e. 25%
part B: What percentage of the states consumed
less than 303.3 million BTUs per capita?
Select one:
a. 50%
b. 75%
c. 25%
d. 30%
part C: What is the IQR?
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c. 724.5
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