Question 1

The standard for conviction in a criminal case is establishment of:

Accepted Answer

A)  guilt with some reasonable doubt
B)  guilt beyond reasonable doubt
C)  any guilt even though highly doubtful
D)  criminal intent even though not implementedE) A) and B)
F) C) and D)

Question 2

Assessable penalties typically are expressed as a flat dollar amount and are usually imposed on third parties, such as tax return preparers.

Accepted Answer

A) True 
 B)False

Question 3

Generally, an overpayment can be refunded or credited to the person who was subject to the original tax.

Accepted Answer

A) True 
 B)False

Question 4

The penalty for failure to make payment of quarterly estimated income taxes is computed without any daily compounding and is not deductible.

Accepted Answer

A) True 
 B)False

Question 5

Could a taxpayer make such a small amount of income that a tax return not be filed and still have an unlimited statute of limitations on assessment?

Accepted Answer

Yes, a taxpayer who innocently...

Question 6

List some of the possible defenses that a taxpayer may use against a charge of criminal tax offense.

Accepted Answer

With respect to criminal tax cases, taxp...

Question 7

The burden of proof in a fraud case is on the:

Accepted Answer

A)  taxpayer
B)  tax court
C)  IRS
D)  tax practitionerE) A) and C)
F) A) and B)

Question 8

If a taxpayer fails to file her return due to willful neglect, the minimum penalty is:

Accepted Answer

A)  25 percent or 5 months cumulative penalty
B)  lesser of $205 or the full amount of taxes that are required to be shown on the return
C)  15 percent monthly penalty
D)  lesser of $135 or the full amount of taxes that are required to be shown on the returnE) C) and D)
F) B) and C)

Question 9

If a taxpayer understates gross income by 25 percent, the IRS has a 6-year statute of limitations on assessment.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following would lead to imposition of civil penalties?

Accepted Answer

A)  violation of civil protocols
B)  violation of tax laws as a result of negligence
C)  violation of tax statutes due to reasonable cause
D)  violation of social rules and normsE) A) and D)
F) None of the above

Question 11

A fraudulent failure-to-file tax return is subject to a 25 percent monthly penalty.

Accepted Answer

A) True 
 B)False

Question 12

Underpayment is defined in § 6664 as the correct amount of tax, less the sum of the amount of tax reported by the taxpayer on the return, plus any amount previously assessed or collected, less the amount of rebates made.

Accepted Answer

A) True 
 B)False

Exam 14: Tax Practice and Administration: Sanctions, Agreements, and Disclosures

Underpayment is defined in § 6664 as the correct amount of tax, less the sum of the amount of tax reported by the taxpayer on the return, plus any amount previously assessed or collected, less the amount of rebates made.

Correct Answer
verified

Which of the following would lead to imposition of civil penalties?

Correct Answer
verified

Generally, an overpayment can be refunded or credited to the person who was subject to the original tax.

Correct Answer
verified

The penalty for failure to make payment of quarterly estimated income taxes is computed without any daily compounding and is not deductible.

Correct Answer
verified

A fraudulent failure-to-file tax return is subject to a 25 percent monthly penalty.

Correct Answer
verified

List some of the possible defenses that a taxpayer may use against a charge of criminal tax offense.

Correct Answer
verified
With respect to criminal tax cases, taxp...
View Answer

If a taxpayer understates gross income by 25 percent, the IRS has a 6-year statute of limitations on assessment.

Correct Answer
verified

If a taxpayer fails to file her return due to willful neglect, the minimum penalty is:

Correct Answer
verified

The standard for conviction in a criminal case is establishment of:

Correct Answer
verified

Assessable penalties typically are expressed as a flat dollar amount and are usually imposed on third parties, such as tax return preparers.

Correct Answer
verified

The burden of proof in a fraud case is on the:

Correct Answer
verified

Could a taxpayer make such a small amount of income that a tax return not be filed and still have an unlimited statute of limitations on assessment?

Correct Answer
verified
Yes, a taxpayer who innocently...
View Answer

Exam 14: Tax Practice and Administration: Sanctions, Agreements, and Disclosures

Underpayment is defined in § 6664 as the correct amount of tax, less the sum of the amount of tax reported by the taxpayer on the return, plus any amount previously assessed or collected, less the amount of rebates made.

Correct AnswerverifiedShow Answer

Which of the following would lead to imposition of civil penalties?

Correct AnswerverifiedShow Answer

Generally, an overpayment can be refunded or credited to the person who was subject to the original tax.

Correct AnswerverifiedShow Answer

The penalty for failure to make payment of quarterly estimated income taxes is computed without any daily compounding and is not deductible.

Correct AnswerverifiedShow Answer

A fraudulent failure-to-file tax return is subject to a 25 percent monthly penalty.

Correct AnswerverifiedShow Answer

List some of the possible defenses that a taxpayer may use against a charge of criminal tax offense.

Correct AnswerverifiedWith respect to criminal tax cases, taxp...View AnswerShow Answer

If a taxpayer understates gross income by 25 percent, the IRS has a 6-year statute of limitations on assessment.

Correct AnswerverifiedShow Answer

If a taxpayer fails to file her return due to willful neglect, the minimum penalty is:

Correct AnswerverifiedShow Answer

The standard for conviction in a criminal case is establishment of:

Correct AnswerverifiedShow Answer

Assessable penalties typically are expressed as a flat dollar amount and are usually imposed on third parties, such as tax return preparers.

Correct AnswerverifiedShow Answer

The burden of proof in a fraud case is on the:

Correct AnswerverifiedShow Answer

Could a taxpayer make such a small amount of income that a tax return not be filed and still have an unlimited statute of limitations on assessment?

Correct AnswerverifiedYes, a taxpayer who innocently...View AnswerShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
With respect to criminal tax cases, taxp...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Yes, a taxpayer who innocently...
View Answer