Former Field Agent for Tribranch, a rival to the Bureau, but now convinced by 73-6 to work for the Bureau. Like all Tribranch agents, uses stims to enhance combat capabilities on-mission. The Bureau is trying to wean her off the stims, though she's stashed a few for emergencies.
Penalty for Substantial Understatement of Taxes. You understate your tax if the tax shown on your return is less than the correct tax. The understatement is substantial if it is more than the larger of 10 percent of the correct tax or $5,000 for individuals. For corporations, the understatement is considered substantial if the tax shown on your return exceeds the lesser of 10 percent (or if greater, $10,000) or $10,000,000.
The amount of an accuracy-related penalty equals 20 percent of the portion of the underpayment. attributable to the taxpayerâs negligence or disregard of rules or regulations or to a substantial understate-. ment.3 The IRS may assess penalties under both IRC Â§ 6662(b)(1) and IRC Â§ 6662(b)(2), but the total.