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Hunter and Winter, his wife, are in the 35% marginal tax bracket in the current year. Winter fraudulently omits from their joint return $66,000 of gross income. Hunter does not participate in or know of her fraudulent act. Hunter, however, overstates his deductions by $7,000 because of an oversight. Read the requirements. Requirement a. If the government successfully proves fraud in a civil suit against Winter, what fines and/or penalties might she owe? If Hunter and Winter establish that the overstatement is not attributable to fraud, can the government impose a civil fraud penalty on Hunter? If the government successfully proves fraud in a civil suit against Winter, her fines and/or penalties will be Requirements a. If the government successfully proves fraud in a civil suit against Winter, what fines and/or penalties might she owe? If Hunter and Winter establish that the overstatement is not attributable to fraud, can the government impose a civil fraud penalty on Hunter? If the government successfully proves fraud in a criminal suit against Winter, what fines or penalties might she owe? Could she or Hunter be sentenced to prison? b. Clear All Check Answer Hunter and Winter, his wife, are in the 35% marginal tax bracket in the current year. Winter fraudulently omits from their joint return $66,000 of gross income. Hunter does not participate in or know of her fraudulent act. Hunter, however, overstates his deductions by $7,000 because of an oversight. Read the requirements. Requirement a. If the government successfully proves fraud in a civil suit against Winter, what fines and/or penalties might she owe? If Hunter and Winter establish that the overstatement is not attributable to fraud, can the government impose a civil fraud penalty on Hunter? If the government successfully proves fraud in a civil suit against Winter, her fines and/or penalties will be Requirements a. If the government successfully proves fraud in a civil suit against Winter, what fines and/or penalties might she owe? If Hunter and Winter establish that the overstatement is not attributable to fraud, can the government impose a civil fraud penalty on Hunter? If the government successfully proves fraud in a criminal suit against Winter, what fines or penalties might she owe? Could she or Hunter be sentenced to prison? b. Clear All Check

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