For the negligence penalty to apply, the underpayment must be caused by intentional disregard of rules and regulations without intent to defraud.

Name: For the negligence penalty to apply, the underpayment must be caused by intentional disregard of rules and regulations without intent to defraud.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The negligence penalty applies when the underpayment is caused by intentional disregard of rules and regulations, but without intent to defraud.

For the Negligence Penalty to Apply, the Underpayment Must Be