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Business & farm
@StevenNE wrote:
.........when claiming this will someone tell you that you are claiming something fraudulently or just disallow the deduction and charge you the penalty and taxes associated with that.....
It is difficult to imagine a scenario where there would be anything more than an accuracy-related penalty but, most likely, there would just be an adjustment involving additional tax and interest thereon.
See https://www.irs.gov/irm/part20/irm_20-001-005#idm140411598805248
‎October 14, 2021
8:29 AM