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    Federal Taxation
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    Exam 26: Tax Practice and Ethics
  5. Question
    The IRS Can Waive the Penalty for a Substantial Understatement
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The IRS Can Waive the Penalty for a Substantial Understatement

Question 37

Question 37

Short Answer

The IRS can waive the penalty for a substantial understatement of a tax liability if the taxpayer shows
for the position taken on the tax return.

Correct Answer:

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