expand icon
book Federal Tax Research 10th Edition by Roby Sawyers,William Raabe,Gerald Whittenburg,Steven Gill cover

Federal Tax Research 10th Edition by Roby Sawyers,William Raabe,Gerald Whittenburg,Steven Gill

Edition 10ISBN: 978-1285439396
book Federal Tax Research 10th Edition by Roby Sawyers,William Raabe,Gerald Whittenburg,Steven Gill cover

Federal Tax Research 10th Edition by Roby Sawyers,William Raabe,Gerald Whittenburg,Steven Gill

Edition 10ISBN: 978-1285439396
Exercise 9
Joan, a traveling sales representative, kept no formal books and records to summarize her gross receipts forthe year, but she retained copies of all customer invoices and reported her gross income for the year from these totals. Is she liable for a negligence penalty under I.R.C. § 6662 for failing to keep any books and records
Explanation
Verified
like image
like image

As per the I.R.C Sec 6662(b)(1), if the ...

close menu
Federal Tax Research 10th Edition by Roby Sawyers,William Raabe,Gerald Whittenburg,Steven Gill
cross icon