No overvaluation penalty is incurred by a C corporation until the misstatement would cause a tax underpayment of at least $10,000.

Name: No overvaluation penalty is incurred by a C corporation until the misstatement would cause a tax underpayment of at least $10,000.
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This is true according to IRS regulations. If the overvaluation misstatement does not result in a tax underpayment of at least $10,000, the corporation will not be subject to any penalty for the misstatement.

No Overvaluation Penalty Is Incurred by a C Corporation Until