- 34 -
amounts was reasonable and in good faith. Deducting over
$117,000 without further investigation would also appear to fall
short of the prudence standard. Accordingly, respondent’s
determination of section 6662 penalties is sustained.
To reflect the foregoing,
Decisions will be entered
under Rule 155.
Page: Previous 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 Last modified: May 25, 2011