If a Tax Deficiency Is Attributable to Fraud, the Negligence

question 9

True/False

If a tax deficiency is attributable to fraud, the negligence penalty will not be imposed.

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Definitions:

Actus Reus

The physical act of committing a crime, as opposed to the mental intent to commit the act (mens rea).

Computer Crime

Crime committed using a computer.

Online Auctions

The process of buying and selling goods or services via the internet through bidding, where the highest bid wins the item.

Nolo Contendere Plea

A legal plea through which a defendant in a criminal trial neither admits nor disputes a charge, allowing the court to proceed with sentencing without an admission of guilt.