The IRS Audits Kiara's Current-Year Individual Return and Determines That

question 26

Essay

The IRS audits Kiara's current-year individual return and determines that, among other errors, she negligently did not report dividend income of $10,000. The deficiency with respect to the dividends is $2,800. The IRS argues for an additional $12,000 deficiency for various other errors that do not involve negligence. What is Kiara's negligence penalty for the $14,800 in deficiencies?

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Definitions:

Proposition

An utterance or claim that articulates an opinion or estimation, which could be accurate or inaccurate.

Proposition

A statement or assertion that expresses a judgement or opinion, capable of being true or false.

Predicate Class

A class defined by a property that its members share, which is often specified by a predicate in logic or mathematics.

Universal

Pertaining to all members or elements in a given group or category without exception.