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Books Books 1 - 10 of 24 on understatement" of income tax is the excess of the tax required to be shown on the....
" understatement" of income tax is the excess of the tax required to be shown on the return, over the tax shown on the return (reduced by any rebates of tax). "
Review of the Civil Penalty Provisions Contained in the Internal Revenue ... - Page 230
by United States. Congress. House. Committee on Ways and Means. Subcommittee on Oversight - 1989 - 423 pages
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The Code of Federal Regulations of the United States of America

Administrative law - 2006
...shown on the return; and Z - any rebate. (3) Amount of the tax required to be shown on the return. The "amount of the tax required to be shown on the return" for the taxable year has the same meaning as the "amount of income tax imposed" as defined in 1.6664-2(b)....
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Internal Revenue Bulletin

United States. Internal Revenue Service - Tax administration and procedure - 1954
...(b) is a new provision and expressly provides that for purposes of computing the delinquency penalty, the amount of the tax required to be shown on the return shall be reduced by the amount of any part of the tax which is paid on or before the date prescribed...
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Reports of the Tax Court of the United States, Volume 34

United States. Tax Court - Taxation - 1961
...(b) is a new provision and expressly provides that for purposes of computing the delinquency penalty, the amount of the tax required to be shown on the return shall be reduced by the amount of any part of the tax which is paid on or before the date prescribed...
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Reports of the United States Tax Court, Volume 91

United States. Tax Court - Law reports, digests, etc - 1989
...terms used in that section. The term "understatement" is expressly defined by section 6661(b)(2) as the excess of the amount of the tax required to be shown on the return over the amount of the tax imposed which is shown on the return.10 Due to "Petitioner argues that since he was assessed...
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Reports of the United States Tax Court, Volume 89

United States. Tax Court - Law reports, digests, etc - 1988
...IN GENERAL.— For purposes of paragraph (1), the term "Understatement" means the excess of — (i) the amount of the tax required to be shown on the return for the taxable year, over (ii) the amount of the tax imposed which is shown on the return, reduced...
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Reports of the United States Tax Court, Volume 98

United States. Tax Court - Law reports, digests, etc - 1992
...applicable. Rule 142(a). Section 6661(b)(2)(A) defines "understatement" to mean the excess of the amount of tax required to be shown on the return over the amount of tax actually reported on the return. This understatement will be "substantial" if the amount of such...
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Code of Federal Regulations: Containing a Codification of Documents of ...

Administrative law - 1987
...1983 and 1984 adjustments. The amount of the section 6661 penalty for 1982 is computed as follows: (i) The amount of the tax required to be shown on the return for 1982 is $27,000 (ie. the original tax liability ($50,000) reduced by the allowable carrybacks taken...
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Description of Tax Penalties: Scheduled for a Hearing Before the ...

Tax penalties - 1988 - 48 pages
...up to a maximum of 5 months or 25 percent. The net amount of tax due is the excess of the amount of tax required to be shown on the return over the amount...before the due date prescribed for the payment of the tax. The amount of any applicable credit that may be claimed on the return also may be used to...
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Description of tax penalties: scheduled for a public hearing before the ...

United States. Congress. Joint Committee on Taxation - Tax penalties - 1988 - 40 pages
...up to a maximum of 5 months or 25 percent. The net amount of tax due is the excess of the amount of tax required to be shown on the return over the amount...before the due date prescribed for the payment of the tax. The amount of any applicable credit that may be claimed on the return also may be used to...
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Review of Internal Revenue Code Penalties: Hearing Before the ..., Volume 4

United States. Congress. Senate. Committee on Finance. Subcommittee on Private Retirement Plans and Oversight of the Internal Revenue Service - Internal revenue law - 1988 - 269 pages
...up to a maximum of 5 months or 25 percent. The net amount of tax due is the excess of the amount of tax required to be shown on the return over the amount...before the due date prescribed for the payment of the tax. The amount of any applicable credit that may be claimed on the return also may be used to...
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