The U.S. Tax Court upheld the IRS’s $243,00 bill to a Pennsylvania man for unpaid taxes, a civil fraud penalty, and a tax addition because they agreed he filed late and hid income in a sham entity.
The case concerned whether Bertram Russell, who was a doctor for almost 30 years, failed to report more than $328,000 in income in 2000 and whether he owed a civil fraud penalty and an addition to tax for a late return.
Tax code Section 6663(a) imposes an added tax of 75% of any underpayment that is due to ...
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