Identify Which of the Following Statements Is False

question 17

Multiple Choice

Identify which of the following statements is false.

• A)If fraud is asserted in a tax transaction, the burden of proof falls on the IRS.
• B)The civil fraud penalty consists of 75% of the tax underpayment attributable to fraud plus 25% of the interest payable on the portion of the underpayment resulting from the fraud.
• C)The government must prove its case "beyond a reasonable doubt" in order for the court or jury to convict a taxpayer of criminal fraud.
• D)The fraud penalty can be imposed with respect to income, gift, and estate tax returns.

---

Definitions:

Team Selling

A sales approach where a group of individuals with different expertise work together to sell a product or service to a customer.

Conference Selling

A sales strategy that involves selling products or services to potential clients during conferences or similar events, often utilizing booths or presentations.

Educational Programs

Structured sets of learning experiences or activities designed to educate individuals or groups, often aimed at gaining specific knowledge or skills.

Buyers

Individuals or organizations that purchase goods or services for personal or professional use.