Substantial Understatement Law and Legal Definition
A substantial understatement of income tax is defined as “an understatement of tax that exceeds the greater of 10 percent of the tax required to be shown on the tax return or $ 5,000.” Barr v. Comm'r, T.C. Memo 2009-250 (T.C. 2009)
Legal Definition list
- Substantial Underrepresentation [Business Credit and Assistance]
- Substantial Step
- Substantial Similarity
- Substantial Risk
- Substantial Rehabilitation [HUD]
- Substantial Understatement
- Substantial United States Owner [Income Tax]
- Substantial Work Activity
- Substantial-Continuity Doctrine
- Substantial-Evidence Rule
- Substantiallly the Same as
