Would you try this scheme for increasing your profits

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An IRS audit uncovered additional taxes due for your client. Your client agreed to pay the additional taxes plus the negligence penalty. Does this penalty apply to the total additional taxes that your client owes? Explain.

Review the, "What would you do in this situation?" presented on page 15-25 of your text. Would you try this scheme for increasing your profits? If so, would you escape the scope of Sec. 7206?

Reference no: EM13993703

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