A Penalty Can Be Assessed from an Appraiser Who Knew

question 14

Short Answer

A penalty can be assessed from an appraiser who knew that his/her improper appraisal would be used as part of a tax computation, in the amount of the lesser of % of the tax understatement or ____________________ % of the appraisal fee collected.

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Definitions:

Cornea

The clear, transparent front covering of the eye that allows light to enter and contributes to the eye's focusing power.

Protective Coating

A layer of material applied to objects or surfaces to guard against damage or corrosion.

Fovea

A small depression in the retina of the eye where visual acuity is highest, containing a high concentration of cones for daytime vision.

Sclera

The white outer layer of the eyeball, providing protection and form.