Does anyone know how disagreements with the IRS work? - If one lies about their income or expenses it is tax fraud. - If one (credibly) makes a mistakes that leads to an underpayment what happens? - If the IRS and a taxpayer disagree on an interpretation what happens? Court?https://twitter.com/zerohedge/status/1117600937013596160 …
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(Not an expert but) I think most of the monetary penalties for underpayment don’t care about intent. If you owed and didn’t pay on time, there will be penalties beyond the original taxes owed even if it was an accident
