76 - a. 20% b. 25% c. 75% d. 100% Answer: c

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When there is fraud on a return, IRS charges a penalty of ________ on any portion of understatement of tax that is attributable to the fraud.
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Unformatted text preview: a. 20% b. 25% c. 75% d. 100% Answer: c...
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This note was uploaded on 09/16/2011 for the course ACCT 145 taught by Professor Eric during the Spring '11 term at Palm Beach Community College.

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