Example: stock market
Search results with tag "Instructions for form 8275"
Instructions for Form 8275 (Rev. January 2021)
www.irs.gov7. Any undisclosed foreign financial asset understatement; or 8. Any inconsistent estate basis. The penalty is 40% of any portion of a tax underpayment attributable to one or more gross valuation misstatements in (3), (4), or (5) above if the applicable dollar limitation under section 6662(h)(2) is met. The penalty also increases to 40% for ...