A taxpayer is operating a sole proprietorship and pays ten different laborers on a contract...
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A taxpayer is operating a sole proprietorship and pays ten different laborers on a contract basis a total of $ during the year. He pays cash "under the table" and doesn't issue any FormsMISC for this work. Which of the following penalties would most likely apply to this decision? Select one: a Section Fraud b Section b Excessive claims c Section a Failure to File d Section Failure to File Informational Statements
A taxpayer is operating a sole proprietorship and pays ten different laborers on a contract basis a total of $ during the year. He pays cash "under the table" and doesn't issue any FormsMISC for this work. Which of the following penalties would most likely apply to this decision?
Select one:
a Section Fraud
b Section b Excessive claims
c Section a Failure to File
d Section Failure to File Informational Statements
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