Which of the following is incorrect regarding Timeliness Penalty Abatement for California income tax purposes?...
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Accounting
Which of the following is incorrect regarding Timeliness Penalty Abatement for California income tax purposes?
A The abatement is onceinalifetime abatementB. The abatement is applicable for taxable years beginning on or after January C The abatement is applicable to fiduciaries, estates, or trustD. The abatement is a onetime cancellation of an individual taxpayers penalty for filing or paying his or her taxes late
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