A fraudulent failure to file tax returns is subject to a 25 percent monthly penalty.
Correct Answer:
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Q24: Assessable penalties are subject toreview by the
Q29: When the IRS mails a statutory notice
Q30: If a taxpayer understates gross income by
Q31: The Employee Withholding Allowance Certificate is required
Q32: Criminal and civil penalties are mutually exclusive.
Q33: The statute of limitations on assessment is
Q36: The code provides for payment of interest
Q36: The penalty for a willful failure topay
Q38: The statute of limitations can be suspended
Q39: A taxpayer who files a corrected 1040
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