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.

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Definitions:

New Brunswick

A maritime province in eastern Canada, known for its forested landscape, rivers, and coastal regions along the Atlantic Ocean.

Nova Scotia

A province located on Canada’s Atlantic coast, known for its maritime heritage, natural beauty, and cultural diversity.

Marine Fish Populations

The total numbers of fish living in the ocean, which can vary by species and are affected by environmental factors.

Optimum Sustained Yield

The maximum level at which a natural resource can be routinely used without long-term depletion.