During the audit of Mr. and Mrs. Greenwood’s income tax return, the revenue agent concluded that the couple had claimed a $26,300 deduction that was not allowed by law.

I need help with the following question please as soon as possible.. thanks in advance…

/>

1. During the audit of Mr. and Mrs. Greenwood’s income tax return, the revenue agent concluded that the couple had claimed a $26,300 deduction that was not allowed by law. The improper deduction reduced the couple’s tax by $19,205. The Greenwood’s total tax deficiency was $13,890.

Save your time - order a paper!

Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You won’t have to worry about the quality and deadlines

Order Paper Now

a.Compute the penalty that the IRS agent can impose if the agent concludes that the improper deduction was attributable to negligence.

b.Compute the penalty that the IRS agent can impose if the agent concludes that the improper deduction was attributable to fraud