If the IRS assesses additional tax on a tax return upon audit, a taxpayer may be subject to interest and penalties on the underpayment.

Name: If the IRS assesses additional tax on a tax return upon audit, a taxpayer may be subject to interest and penalties on the underpayment.
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If a taxpayer is assessed additional tax on a tax return upon audit, they may be subject to interest and penalties on the underpayment.

If the IRS Assesses Additional Tax on a Tax Return