Taxpayer Did Not Have Fraudulent Intent

The Tax Court held that a taxpayer who used an ?agent-principal? scheme to avoid paying taxes on income from his business was not liable for a civil fraud penalty because the IRS had failed to prove that the taxpayer had fraudulent intent.

Source: http://feedproxy.google.com/~r/AICPA_TaxAdvisor/~3/q6MoUpw9gz8/XTrends_Mar2014-story-02.aspx

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