The IRS Can Waive the Penalty for a Substantial Understatement

question 37

Short Answer

The IRS can waive the penalty for a substantial understatement of a tax liability if the taxpayer shows
for the position taken on the tax return.

---

Definitions:

Mental Disorders

Health conditions characterized by alterations in thinking, mood, or behavior (or some combination thereof) associated with distress and/or impaired functioning.

Psychological Disorders

Mental disorders characterized by significant disturbances in an individual's thoughts, emotions, or behavior.

Natural Selection

A process by which species evolve over time as individuals with traits better suited to their environment are more likely to survive and reproduce.

Survival

The ability of an organism to continue existing and reproducing under changing environmental conditions.