A taxpayer penalty may be waived if there is shown to be reasonable cause for the misstatement on the tax return.
The courts have applied this standard strictly. List three or more assertions for a waiver of a taxpayer penalty that courts have found not to constitute reasonable cause. Example: Ignorance of the tax law.

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The Answer of A taxpayer penalty may be waived if there is shown to be reasonable cause for the misstatement on the tax return.
The courts have applied this standard strictly. List three or more assertions for a waiver of a taxpayer penalty that courts have found not to constitute reasonable cause. Example: Ignorance of the tax law.

A Taxpayer Penalty May Be Waived If There Is Shown