On his 2012 income tax return, Logan omitted income and overstated deductions to the extent that his income tax was understated by $400,000.Disregarding any interest element, what is Logan's penalty if the understatement was due to:

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The Answer of On his 2012 income tax return, Logan omitted income and overstated deductions to the extent that his income tax was understated by $400,000.Disregarding any interest element, what is Logan's penalty if the understatement was due to:

On His 2012 Income Tax Return, Logan Omitted Income and Overstated