Taxpayer M defrauded the U.S.Government by understating her tax by $12,000 in 2011.If the IRS is able to prove civil fraud in this case, M may have to pay a penalty of

Name: Taxpayer M defrauded the U.S.Government by understating her tax by $12,000 in 2011.If the IRS is able to prove civil fraud in this case, M may have to pay a penalty of
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Question

Quizplus · Accepted Answer

The penalty for civil fraud is typically 75% of the underpayment due to fraud. In this case, 75% of $12,000 is $9,000.

Taxpayer M Defrauded the U