A characteristic of the fraud penalties is:
A)When negligence and civil fraud apply to a deficiency, the civil fraud penalty predominates.
B)Civil fraud can result in a fine and a prison sentence.
C)The criminal fraud penalty is 75% of the deficiency attributable to the fraud.
D)The IRS has the same burden of proof in the case of criminal fraud than with civil fraud.
E)None of the above.

Question

Quizplus · Accepted Answer

When both negligence and civil fraud penalties apply, the civil fraud penalty predominates because it is more severe.

A Characteristic of the Fraud Penalties Is