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Tax Court Says Lawyer Owes Penalty For Lowballing Income

By Eric Kroh (December 14, 2015, 5:48 PM EST) -- The U.S. Tax Court on Monday found that an attorney and his wife were liable for a 20 percent penalty for underreporting about $250,000 in taxes, saying they could not rely on the defense that they were following the advice of the accountant who prepared their tax return....

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