Fraud classification show-cause notices founded on inconclusive forensic audit material cannot sustain action, permitting fresh proceedings on conclus...
Appellate enhancement limits protect against new income sources, while documented credits and prior-year investments resist unexplained-income additio...
Political-donation deduction claims transparently disclosed in a return do not constitute misreporting merely because the deduction is disallowed. Misreporting requires material showing false evidence, suppression of facts, or deliberate misrepresentation. Statutory immunity from under-reporting penalties applies where the substantive conditions for immunity are satisfied. Applying these principles, the penalty imposed for alleged misreporting in relation to the political-donation deduction was deleted.
Political-donation deduction claims transparently disclosed in a return do not constitute misreporting merely because the deduction is disallowed. Misreporting requires material showing false evidence, suppression of facts, or deliberate misrepresentation. Statutory immunity from under-reporting penalties applies where the substantive conditions for immunity are satisfied. Applying these principles, the penalty imposed for alleged misreporting in relation to the political-donation deduction was deleted.
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TaxTMI 
TaxTMI 
of 4891 
