Mrs. Claire underpaid her 2012 federal income tax by $11,017. If the entire underpayment was attributable to Mrs. Claire's failure to make a good faith effort to comply with the tax law, the IRS may impose a $2,754 negligence penalty.
Correct Answer:
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Q4: The IRS selects returns to audit that
Q6: Macy filed her 2012 tax return on
Q6: An individual taxpayer is not required to
Q7: The fact that a taxpayer receives a
Q8: An individual who did not graduate from
Q8: Employees who deliberately have excess income tax
Q9: Taxpayers who can't complete their tax return
Q11: Gretchen's 2012 tax return, due April 15,
Q17: Only attorneys and CPAs may prepare tax
Q20: Individuals are allowed to deduct interest paid
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