The IRS can impose a ________ penalty on any portion of understatement of tax that is attributable to fraud.
A)25%
B)5%
C)75%
D)50%

Name: The IRS can impose a ________ penalty on any portion of understatement of tax that is attributable to fraud. A)25% B)5% C)75% D)50%
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The IRS can impose a penalty of up to 75% on any portion of understatement of tax that is attributable to fraud. This is a severe penalty meant to deter individuals from intentionally evading taxes.

The IRS Can Impose a ________ Penalty on Any Portion