What Happens If the Taxpayer Owes an Underpayment Penalty, but Does

question 150

Multiple Choice

What happens if the taxpayer owes an underpayment penalty, but does not compute it onForm 2210?

• A) The taxpayer is immediately sent to the Tax Court.
• B) The penalty is increased by five percentage points.
• C) The IRS will compute and assess the penalty.
• D) Nothing, unless the taxpayer is audited.

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Increased Empathy

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